Debit Credit 30, 600 $ 90.000 61,200 bi G. 102,600 237,600 . 194.400 104.400 153, 900 410, 400 Interest income Depreciation expense, equipment Loss on sale of office equipment Accounts payable Other operating expenses Accumulated depreciation equipment Gain from settling a lansait Cumulative effect of change in accounting principle (pre-tax) Accumulated depreciation, bulidings Loan from operating discontinued operation (pre-tax) Gain an expropriation of land and building by government Salus Depreciation expense, buildings Currection of statement of prior year' sies (rear) Gain on male of discontinuand operations assets (pre-tax) Los from setting a lit Income taxes expert Cout of soods sold 48,600 1 70,200 2,419,200 1 131, 400 37,800 81.000 59,400 2 1. 205,000 4. Required: 1. Assuming that the company's income tax rate is 30%, what are the tax effects and after-tax measures of the items labelled as pre-tax? (Negotive answers should be indicated by a minus sign.) Pre-tax 30% Tax Effect After-Tax Measure Cumulative effect of change in accounting principle Loss from operating a discontinued operation Correction of overstatement of prior year's sales Gain on sale of discontinued operation's assets 2. Prepare a multi-step income statement for the year ended December 31, 2020. (Amounts to be deducted should be indicated by a minus sign in the other revenues and expenses section and the discontinued operations section.) UNILINK TELECOM CORP. Income Statement For Year Ended December 31, 2020 Operating expenses Other revenues and expenses Other revenues and expenses Discontinued operations