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Sandhill Co. had the following account balances:
Sales revenue $ 431000
Cost of goods sold 226000
Salaries and wages expense 33500
Depreciation expense 64000
Dividend revenue 11400
Utilities expense 23100
Rent revenue 58800
Interest expense 36100
Sales returns and allow. 33200
Advertising expense 38100
Problem 1: What would Sandhill report as total revenues in a single-step income statement?
Option 1: $468000Option 2: $431000Option 3: $487500Option 4: $ 47200
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