000 PS-I. Multiple-Step and Single-Step Income Statement. Bluebird Products, Inc. provided the following infonna- lion from its current-year trial balance Bluebird Products, Inc. Trial Balance (Partial) For the Year Ended December 31 Account Debt Credit Common Stock (no par)Beginning Balance $1,456,000 Retained Earnings Beginn ng Balance 3,200.950 Accumuated Other Comprehensive IncomeBeginning Balance 95,675 Dvidends $ 76.500 Saes 2.200,000 Interest Income 34.500 Dvidend Income 12.300 Gain on Disposal of Plant Assets 100,500 Unrealized Gain on Trad ng Secur ties 86.000 Unrealized Gain on Available-for-Sae Bonds 45,600 Cost of Goods Sod 750.000 Selling Expenses 20,000 Office Supples Expense 123,500 Sa esSalar es Expense 55.000 Adveitis ng Expense 68.900 Office Salaries Expense 78.500 Account ng and Legal Fees-General 10,425 Systems Consult ng Fees-General 44,550 Deprec ation Expense-General 68.000 Amort zation Expense-General 34.500 Interest Expense 23,750 Loss on Discent nued Operations Before Tax 90,000 Loss on Asset Impairment 12,350 Required a. Prepare a singlestep income statement for the year ended December31. The tax rate is40% b Prepare a mulliple-step income statement for the year ended December 31. A