Income Statement Format The following information from Belvidere Company's current operations is available: Administrative expenses Cost of goods sold Sales revenue Selling expenses Interest expense Loss from operations of discontinued segment Gain on disposal of discontinued segment $73,000 464,000 772,000 87,000 10,000 60,000 40,000 Income taxes: Amount applicable to ordinary operations Reduction applicable to loss from operations of discontinued segment Amount applicable to gain on disposal of discontinued segment 60,000 24,000 6,000 Required a. Prepare a multiple-step income statement. (Disregard earnings per share) b. Prepare a single-step income statement. (Disregard earnings per share.) a. Hint: Do not enter any answers as negative numbers unless it's indicated with an asterisk *