Question: The following information is for Built by 'U' Ltd. for the year ended December 31, 2020: Cost of goods sold $171.500 Wages expense 4.000 Dividend

The following information is for Built by 'U' Ltd. for the year ended December 31, 2020: Cost of goods sold $171.500 Wages expense 4.000 Dividend revenue 2,000 Interest revenue 6.300 Interest expense 7,000 Rent revenue 10.900 Depreciation expense 00.000 Rent expense 5.200 206,400 Income tax expense 10,000 Prepare a statement of income, in single-step format, and multi-step format based on the information. SINGLE-STEP INCOME STATEMENT FORMAT BUILT BY 'U' LTD. STATEMENT OF INCOME MULTI-STEP INCOME STATEMENT FORMAT BUILT BY 'U' LTD. STATEMENT OF INCOME

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