The following information is available for Wright Auto Supply at December 31. Cost of goods sold $277,900 Rent expense $21,000 Depreciation expense 31,250 Salaries (administrative) 33,800 Income taxes expense 32,520 Sales revenue 577,200 Interest expense 2,400 Wages expense (salespeople) 90,300 Required: 1. Prepare a single-step income statement for the year ended December 31. Wright Auto Supply Income Statement For the year ending December 31 Revenues: Expenses: Total expenses 100