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9.1 11 The following is a partial trial balance for General Lighting Corporation as of December 31, 2021: Account Title Debits points Sales revenue
9.1 11 The following is a partial trial balance for General Lighting Corporation as of December 31, 2021: Account Title Debits points Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Loss on inventory write-down (obsolescence) Selling expense General and administrative expense eBook Interest expense Credits 3,150,000 96,000 30,500 1,350,000 360,000 460,000 230,000 95,000 Hint References There were 400,000 shares of common stock outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25%. Required: 1. Prepare a single-step income statement for 2021, including EPS disclosures. 2. Prepare a multiple-step income statement for 2021, including EPS disclosures. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a single-step income statement for 2021, including EPS disclosures. (Round EPS answer to 2 decimal places.) Revenues and gains: GENERAL LIGHTING CORPORATION Income Statement For the Year Ended December 31, 2021 Total revenues and gains Expenses and losses: Total expenses and losses Income before income taxes Net income Earnings per share Required 1 Required 2 >
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