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The following information was taken from Riddell Ltd.'s adjusted trial balance as at April 30,...

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Accounting

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The following information was taken from Riddell Ltd.'s adjusted trial balance as at April 30, 2020: Sales revenue $1,074,300 Interest revenue 6,900 Utilities expense 28,000 Insurance expense 7,500 Cost of goods sold 397,491 Distribution expenses 245,509 Administration expenses 94,000 Depreciation expense 90,000 Interest expense 17,900 Income tax expense 57,100 Dividends declared-Common shares 14,200 Dividends declared-Preferred shares 19,200 (a) Prepare a single-step statement of income for the year ended April 30, 2020. Riddell Ltd. Statement of Income

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