Question: I need URGENT help with my assignment, Thank you!! The following information is for Built by 'U' Ltd. for the year ended December 31, 2020:
I need URGENT help with my assignment, Thank you!!

The following information is for Built by 'U' Ltd. for the year ended December 31, 2020: Cost of goods sold $172,900 Wages expense 5.100 Dividend revenue 1,800 Interest revenue 5,600 Interest expense 7.000 Rent revenue 11.400 Depreciation expense 57,900 Rent expense 5,300 Sales revenue 297,200 Income tax expense 11,100 Prepare a statement of income, in single-step format, and multi-step format based on the information. SINGLE-STEP INCOME STATEMENT FORMAT BUILT BY 'U' LTD. STATEMENT OF INCOME For the Year Ended December 31, 2020 Revenues and Gains Dividend Revenue $ 1,800 Interest Revenue 5,600 Rent Revenue 11,400 Sales Revenue 297,200 Total Revenues and Gains Expenses and Losses Cost of Goods Sold 172,900 Wages Expense 5,100 Depreciation Expense 57,900 Rent Expense 5,300 Income Tax Expense 11,100 Total Expenses and Losses Net Income /(Loss) + $
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