Question: Single - Step Income Statement Summary operating data for Custom Wire & Tubing Company during the year ended April 3 0 , 2 0 Y

Single-Step Income Statement
Summary operating data for Custom Wire & Tubing Company during the year ended April 30,20Y6, are as follows: cost of
merchandise sold, $314,200; administrative expenses, $38,500; interest expense, $23,000; rent revenue, $77,000; sales,
$500,500; and selling expenses, $57,800.
Prepare a single-step income statement.
Custom Wire & Tubing Company
Income Statement
For the Year Ended April 30,20 Y 6
Single-Step Income Statement Summary operating data for Custom Wire & Tubing

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