creating multiple-step income statement.

Start with the single-step income statement first - its easier

Not every trial balance account goes on the income statement

Income Tax Expense = $457,530 - confused on why this figure is helpful - think about how income tax expense is calculated

Income tax expense is listed with the other expenses in a single-step income statement

Income tax expense is in its own section on a multi-step income statement

Unrealized gains of trading securities are recorded in operating income and appear on the income statement, but available-for-security bonds do not

A loss from an asset impairment is considered an expense (its listed within other expenses and losses on the multi-step statement)

Bluebird Products, Inc. Trial Balance (Partial) For the Year Ended December 31 Bluebird Products, Inc. Trial Balance (Partial) For the Year Ended December 31