Selected data from the ledger of Beck Co., after adjustments, on September 30, the end of the fiscal year, are listed as follows: Prepare a single-step income statement and a statement of stockholders' equity. No stock was issued during the year.

Single-Step Income Statement

A simplified financial statement format that calculates net income by subtracting total expenses from total revenues in one step.

Statement of Stockholders' Equity

A financial document that shows changes in the equity section of a company's balance sheet, including stock transactions and retained earnings.

Fiscal Year

A one-year period used for financial reporting and budgeting purposes, which doesn't necessarily align with the calendar year.