People Tab Window Help * [3] US Sun 4:27 PM CengageNOWV2 Online teac x G what is non current liabilities - x + takeAssignment/takeAssignmentMain.do?inprogress=true Exercise 1-48 (Algorithmic) Income Statement The following information is available for Wright Auto Supply at December 31, 2019. Cost of goods sold $304,800 Rent expense Depreciation expense 31,250 Salaries (administrative) Income taxes expense 32,520 Sales revenue Interest expense 2,400 Wages expense (salespeople) Required: $21,000 33,800 603,300 85,500 1. Prepare a single-step income statement for the year ended December 31, 2019. Wright Auto Supply Income Statement For the Year Ended December 31, 2019 Revenues: Sales revenue $ 603,300 Expenses: Cost of goods sold 304,800 Wages expense 85.500 Salaries expense 33,800 Depreciation expense 31,250 Rent expense 21,000 Check My Work Omore Check My Work uses remaining.