The following information from Jefferson Company's operations is available:

Required

a. Prepare a multiple-step income statement. Disregard earnings per share amounts.

b. Prepare a single-step income statement. Disregard earnings per share amounts.

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Administrative expenses.. Cost of goods sold....... Sales revenue..... Selling expenses Interest expense.. Loss from operations of discontinued segment Gain on disposal of discontinued segment.. Income taxes Amount applicable to ordinary operations... Reduction applicable to loss from operations of discontinued segment. Amount applicable to gain on disposal of discontinued segment...... 145,000 928,000 1,850,000 174,000 14,000 120,000 90,000 125,000 22,000 15,000