Question: Single-Step Income Statement Summary operating data for Custom Wire & Tubing Company during the year ended April 30, 2019, are as follows: cost of merchandise
Single-Step Income Statement
Summary operating data for Custom Wire & Tubing Company during the year ended April 30, 2019, are as follows: cost of merchandise sold, $331,700; administrative expenses, $41,200; interest expense, $25,000; rent revenue, $82,400; sales, $535,600; and selling expenses, $61,800.
Prepare a single-step income statement.
| Custom Wire & Tubing Company | ||
| Income Statement | ||
| For the Year Ended April 30, 2019 | ||
| Revenues: | ||
| $ | ||
| Total revenues | $ | |
| Expenses: | ||
| $ | ||
| Total expenses | ||
| $z | ||
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