I need help with some explanations been shown for the answers

\f, , ' tether account balances above, several events occurred during 2013 that have nefyet , in the above account's: l, raised $62,000 in uninsured damages to the main ofce building. The re was considered to be V mhiequent but not unusual event, eathquake caused $112,000 in property damage to one of Reed's factories. The amount of the toes attens! and the event is considered unusual and infrequent. hwentmy that had cost $52,000 had become obsolete because a competitor introduced a better product. The inventory was sold as scrap for $5,000. 3!: income taxes have not yet been accrued. Required: - ' Prepare a mitigatestep income statement for the Reed Company for 2013, showing 2012 information in comparative format, including income taxes computed at 30% and EPS disclosures assuming 500,000 shares of common stock. (Amounts to be deducted should be indicated with arminus signound EPS answers to 2 decimal places.) "Sales revenue cost of goods sold ' Gross prot (toss) Doerating expenses: ' Administrative ' Selling \"- Loss from re damage Loss from write-down of obsolete inventory Total operating expenses