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The following single-step income statement was prepared by the accountant of the Axel Corporation: Required: Prepare a multiple-step income statement applying generally accepted accounting principlies. The income tax rate is 25% AXEL CORPORATION Income Statement For the Year Ended December 31,2024 \begin{tabular}{|l|l|l|} \hline Operating expenses: & & \\ \hline \end{tabular}