1 The Tamer Tire Company provided the following partial trial balance for the current year ended December 31. The company is subject to a 40% income tax rate. (Click the icon to view the trial balance.) Requirement Prepare a condensed, multiple-step income statement with all supporting schedules. Trial balance Tamer Tire Company Statement of Net Income For the Year Ended December 31 Tamer Tire Company Trial Balance (Selected Accounts) Less For the Year Ended December 31 Account Debit Dividends $ 2,300 Credit Sales $ 320,000 Interest Income 12,000 Dividend Income 8,000 32,000 Gain on Flood Damage Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments Cost of Goods Sold 3,400 46,000 64,000 Office Supplies Expense 5.000 Advertising Expense 10,000 Office Salaries Expense 14,000 Selling Expenses 36,000 3,500 Net Income Accounting and Legal Fees-General 1 The Tamer Tire Company provided the following partial trial balance for the current year ended December 31. The company is subject to a 40% income tax rate. (Click the icon to view the trial balance.) Requirement Prepare a condensed, multiple-step income statement with all supporting schedules. Trial balance Tamer Tire Company Statement of Net Income For the Year Ended December 31 Tamer Tire Company Trial Balance (Selected Accounts) Less For the Year Ended December 31 Account Debit Dividends $ 2,300 Credit Sales $ 320,000 Interest Income 12,000 Dividend Income 8,000 32,000 Gain on Flood Damage Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments Cost of Goods Sold 3,400 46,000 64,000 Office Supplies Expense 5.000 Advertising Expense 10,000 Office Salaries Expense 14,000 Selling Expenses 36,000 3,500 Net Income Accounting and Legal Fees-General