Prepare a Single-Step Income Statement Using the Following Data for Leila

Prepare a single-step income statement using the following data for Leila Inc. for the year ended December 31, 2021.
$\begin{array}{l|r}\hline \text { Sales revenue } & \$ 210,000 \\\hline \text { Rental revenue } & 35,000 \\\hline \text { Distribution expense } & 23,000 \\\hline \text { Cost of goods sold } & 120,000 \\\hline \text { General and administrative expense } & 25,000 \\\hline \text { Depreciation expense } & 20,000 \\\hline \text { Interest expense } & 5,000 \\\hline \text { Income taxexpense ( } 20 \% \text { rate on all items) } & \\\hline \text { Gain on sale of building } & 15,000 \\\hline \text { Loss from fire damage } & 40,000\end{array}$

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