make a multi-step income statement using the information on the sheet in the picture

Gimme! Li In-Class Team Problems 0 Problem 1 seleCted Information about income statement accounts for wedding DJ and florist Rh hm & Bloo ' , Degmber 31): ms IS presented below (the company's fiscal year ends on Interest ex ense Loss on sale of assets of discontinued comonent On July 1, 2016, the company adopted a plan to discontinue a division that qualifies as a component of an entity as' defined by GAAP. The assets of the component were sold on September 30, 2016 for $50,000 less than their book value. Results of operations for the component (included in the above account 2' balances) were as follows: -m V W ' Administrative ex enses (SOQOOO) Sellin exenses - M- GM 40000 QQM vents occurred in 2016 that 5 In addition to the account balances above, several e ' have not yet been reflected in the above accounts: 1. A fire caused $50,000 in uninsured damages to the main office building. The ' fire was considered to be an infrequent but not unusual event. 2. Inventory that had cost $40,000 had become obsolete because a competitor had introduced a better product. The inventory was sold as scrap for $5.000. 3. Income taxes have not yet been recorded. Required Prepare a multi-step income statement for Rhythm & Blooms for 2016 showing 2015 information in comparative format, including income taxes computed at 40% and EPS dlSClOSUfCS assuming 300,000 shares of common stock. 47