An adjusted trial balance of Woods Company for the year 2015 is given below. Prepare a single-step income statement for the company. 
Definitions:
Required Rate
Often used in reference to the minimum acceptable return on investment or the minimum discount rate used in net present value calculations.
Internal Rate of Return
A metric used in financial analysis to estimate the profitability of potential investments, calculated as the rate of return that makes the net present value of all cash flows from a particular project equal to zero.
Initial Investment
The amount of money used to start a project, purchase an asset, or initiate operations.
Cash Inflows
Money or funds entering a business from various sources like sales, investments, or financing.
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