Exercise $4-3($Algo$)$ Income statement format; single step and multiple step $[$LO$4-1]$

The following is a partial trial balance for General Lighting Corporation as of December $31.2024$:

Income tax expense has not yet been recorded. The income tax rate is $25\%$ of income before income taxes.

Required:

Prepare a single$-$step Income statement for $2024.$

Prepare a multiple$-$step income statement for $2024.$

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Prepare a single$-$step income statement for $2024.$