Metlock Co. had sales revenue of $553,900 in 2020. Other items recorded during the year were: Cost of goods sold $328,800 Salaries and wages expense 123,300 Income tax expense 29,510 Increase in value of company reputation 16,400 Other operating expenses 12,520 Unrealized gain on value of patents 20,640 Prepare a single-step income statement for Metlock for 2020. Metlock has 105,200 shares of stock outstanding.