Question: The following information is for Built by 'U' Ltd. for the year ended December 31, 2020: Cost of goods sold $172,900 Wages expense 5,100 Dividend

The following information is for Built by 'U' Ltd. for the year ended December 31, 2020: Cost of goods sold $172,900 Wages expense 5,100 Dividend revenue 1,800 Interest revenue 5,600 Interest expense 7,000 Rent revenue 11,400 Depreciation expense 57,900 Rent expense 5,300 Sales revenue 297,200 Income tax expense 11,100 a statement of income, in single-step format, and multi-step format based on the information. -STEP INCOME STATEMENT FORMAT BUILT BY 'U' LTD. STATEMENT OF INCOME $ STATEMENT OF INCOME $

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