Information from the acceunts of Gause Company is shown belew. Assuming a 30% income tax rate, prepare a Year 1 income statement for Gause Company. Use a multjpia-step format. The mercharndise inventery on January 1, Year 1 , was $3,200,000. There were 250,000 shares of comman stock autstanding during the entire year- Required: Assuming a 30% income tax rate, prepare a Year 1 income statement for Gause Company Use a multple-step format