Single-Step Income Statement Summary operating data for Custom Wire Tubing Company during the year ended April 30, 2018, are as follows:

Summary operating data for Custom Wire & Tubing Company during the year ended April 30, 2018, are as follows: cost of goods sold, $6,100,000; , $740,000; interest expense, $25,000; rent revenue, $60,000; , $9,332,500; and , $1,250,000.

Prepare a single-step income statement.

Custom Wire & Tubing CompanyIncome StatementFor the Year Ended April 30, 2018Revenues:Sales 

$Rent revenue 

Total revenues$Expenses:Cost of goods sold 

$Selling expenses 

Administrative expenses 

Interest expense 

Total expensesNet income 

$