Bluebird Products, Inc. Trial Balance (Partial) For the Year Ended December 31 Credit $1,456,000 3.200,950 95,675 2.200.000 34,500 12,300 100,500 86,000 45,600 Account Debit Common Stock Ino par)--Beginning Balance Retained Earnings-Beginning Balance Accumulated Other Comprehensive Income--Beginning Balance Dividends $ 76,500 Sales Interest Income Dividend Income Gain on Disposal of Plant Assets Unrealized Gain on Trading Securities Unrealized Gain on Available for Sale Bonds Cost of Goods Sold 750,000 Selling Expenses 20,000 Office Supplies Expense 123,500 Sales Salaries Expense 55,000 Advertising Expense 68.900 Office Salaries Expense 78,500 Accounting and Legal Fees-General 10.425 Systems Consulting Fees-General 44,550 Depreciation Expense-General 68,000 Amortization Expense - General 34,500 Interest Expense 23.750 Loss on Discontinued Operations-Before Tax 90,000 Loss on Asset Impairment 12,350 Figure 19: Trial Balance of Bluebird Products, inc. for the year ended December 31. Source: Gordon, E. A, Rady J S. Sanneta, Intermediate Accounting (2015). Pearson Required 1. Prepare a single step income statement for the year ended December 31. The tax rate is 40%. 2. Prepare a multiple-step income statement for the year ended December 31