Prepare a single-step income statement from the following data for Burt Co., taken from the ledger after adjustments on December 31, the end of the fiscal year. 
Definitions:
Intellectual Assets
Intangible resources of a company, including patents, trademarks, business models, and the expertise of employees, that contribute to its competitive advantage.
Knowledge
Information, understanding, or skill that one gains through education or experience.
Informal Systems
Unofficial ways of operating within an organization that arise from personal interactions, cultures, and norms outside formal structures.
Informational Power
Power derived from possessing knowledge or information that is needed or wanted by others.
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