3. Below are select pretax account balances of Cabalt Company on December 31, 2019

Require:

Prepare a multiple-step income statement for the year, include a separate schedule for cost of

goods sold. Assume an income tax rate of 30%

Purhases (net) $25,000

merchandise inventory, 1/1/20 4,000

extra-ordinary gain 13,000

Income from operations of discontinued component 2,000

Loss on disposal of discontinued component 5,000

Sales (net) 60,000

Other items (revenues) 6,000

Merchandise inventory 12/31/20 4,000

Operating expenses 7,000

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Assume that Amanda invested $10,000 in a savings account paying 10% annually. She also invested another $10,000 in a different savings account paying 10% compounded annually. What will the balances be in both accounts after 4 year?

CAN YOU SAY WHERE IT IS INCOMPLETE? JUST SAYING THIS IS WHAT MY TEACHER GAVE ME SO IDK WHERE IT IS IMCOMPLETE.