prepare a single-step income statement

answer c please

The unadjusted trial balance of Blue 5pruce Enterprises for the year ended Decenber 31, 2024, folows. Additional information: 1. There is $790 of supplies on hand on December 31,2024 . 2. The one-year insurance policy was purchased on March 1, 2024. 3. Depreciation expense for the year is $10,500 for the equipment and $5,300 for the furniture. 4. Accrued interest expense at December 31, 2024. is $725. 5. Unearned revenue of $965 is still unearned at December 31, 2024. On the amount that was earned, cost of goods sold was $1,740. 6. A physical count of merchandise inventory indicates $32,700 on hand on December 31,2024. 7. Blue Spruce Enterprises uses the perpetual inventory system and the earnings approach. Preoare a sinele-steo income statement. (Enter neeative amounts usine either a nesative sion nnerog