Income Statement Format The following information from Tricon Company's operations is available: 14a

Income Statement Format The following information from Tricon Company's operations is available: $151,800 Administrative expenses Cost of goods sold 1,020,800 Sales revenue 1,698,400 Selling expenses 191,400 15,400 Interest expense 132,000 Loss from operations of discontinued segment Flood loss (considered unusual and infrequent) Gain on disposal of discontinued segment 55,000 88,000 Income taxes: Amount applicable to ordinary operations 127,600 Reduction applicable to loss from operations of discontinued segment 74,800 Amount applicable to gain on disposal of discontinued segment 35,200 Reduction applicable to flood loss 22,000 Required a. Prepare a multiple-step income statement. (Disregard earnings per share amounts) b. Prepare a single-step income statement. (Disregard earnings per share a