answer BE5-10 according to the information in BE5-7.

BE5-10 : condenses statement of net income. using the information provided in BE5-7, prepare a condenses multiple step income statement for the current year. include supporting schedules.

(5) BE5-7. Single-Step Statement of Net Income. Carr Corporation provided the following partial-trial balance for the current year. Prepare a single-step income statement for the year ended December 31. Carr is subject to a 40% income tax rate. Carr Corporation (4) B) BE5-8. Statement of Net lncome, IFRS. Using the information provided in BE5-7, prepare a statement of net income and additional disclosures that would meet IFRSS requirements. Indicate items that IIFRS requires be reported on the statement of net income. Use the condensed forinat. (4) B BE5.9. Multiple-Step Statement of Net Income. Using the information provided in BE5-7, prepare a multiple-step income stalement for the cument year. (4) 6 BE5-10. Condensed Statement of Net Income. Using the information provided in BES-7. prepare a condensed, multiple-step income statement for the cument year. Include supporting schedules. (6) BE5-11. Discontinued Operations, IFRS. Woorky Corporation needs to determine whether the disposal of its Tools Division qualifies as a discontinued operation. The Tools Division is one of Woorley's three major business segments. Its recent financial performance has been strong, yet Woorley believes that this segment will contract over the next three to five years. Wogrley has developed a plan to dispose of the Tools Division and focus on its other two operating segments gong forward. Does the disposal of the Tools Division qualify as a discontinued opention under IFRS? Carr Corporation Income Statement (Condensed Format) For the Year Ended December 31 Gross profit Operating Expenses: Total operating expenses Income tax expense at 40% Net income Carr Corporation: Supporting Schedules for Condensed Income Statement Selling Expenses Total Selling Expenses General and Administrative Expenses \begin{tabular}{l|l} 40 & \\ 41 & \\ 42 & \\ 43 & \\ 44 & Total General and Administrative Expenses \end{tabular} 46 Other Revenues/Gains and Expenses/Losses 47 48 43 50 2 51 5x 153. Total Other Rewenues and Expenses 5