Ex. 3 Hoyle Company gathered the following condensed data for the year ended December 31, 2010; Instructions 1. Prepare a single-step income statement for the year ended December 31,2010. 2. Prepare a multiple-step income statement for the year ended December 31, 2010. Ex. 4 The adjusted trial balance of Kasten Company contained the following information: 1. Use the above information to prepare a multiple-step income statement for the year ended December 31,2010. 2. Prepare a single-step income statement for the year ended December 31, 2010. Ex.8: On October 1, Belton Bicycle Store had an inventory of 20 ten speed bicycles at a cost of $200 each. During the month of October, the following transactions occurred. Oct. 4 Purchased 30 bicycles at a cost of $200 each from Kuhn Bicycle Company, terms 2/10,n/30. 6 Sold 18 bicycles to Team America for $300 each, terms 2/10,n/30. 7 Received credit from Kuhn Bicycle Company for the return of 2 defective bicycles. 13 Issued a credit memo to Team America for the return of a defective bicycle. 14 Paid Kuhn Bicycle Company in full, less discount. Instructions: Prepare the journal entries to record the transactions assuming the company uses a perpetual inventory system