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Name: The me statement for Lifeline Products in single step format follows (15 points) Lifeline Products Income Statement For the Year Ended December 31, 2012

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Name: The me statement for Lifeline Products in single step format follows (15 points) Lifeline Products Income Statement For the Year Ended December 31, 2012 Sites Ranelinume $3,000,000 14,000 $3,014.000 Casts and Expenses Cost of Sales Selling and Administrative Expenses Interest Expense Loss on the Sale of Plant Assets 2,370.000 322,000 48,000 16.000 Income Before Taxes $2.756.000 258,000 Net Income 112,000 $ 146.000 Famings per Share $ 7.30 aquetConvert the statement to multiple-step format. Recomputer met income with the unusual loss removed. c h y may met income with the unusual loss removed be preferable for trend analysis

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