Using the information provided from ABC Company at the end of December 31, 2019, prepare SINGLE-STEP Income Statement, IN GOOD FORMfor the Company:

Sales Discount$750 Office equipment depreciation $500

Office salaries expense$2,000 Cost of goods sold $9,000

Rent Expense Office$1,500 SalesRevenue $25,000

Advertisingexpense $500 Insurance expense $1,000

Sales returns $250 Sales staff Salaries $2,500

Interest Income $800 **

** Interest income includes $200 that is unearned.