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P 4-2 The following information for Lesky Corporation covers the year ended December 31, 2010: LESKY CORPORATION Income Statement For the Year Ended December 31,
P 4-2 The following information for Lesky Corporation covers the year ended December 31, 2010: LESKY CORPORATION Income Statement For the Year Ended December 31, 2010 Revenue: Revenues from sales $ 362,000 Rental income 1,000 Interest 2,400 Total revenue 365,400 Expenses: Cost of products sold $242,000 Selling expenses 47,000 Administrative and general expenses 11,400 Interest expense 2,200 Federal and state income taxes 20,300 Total expenses 322,900 Net income $ 42,500 Required Change this statement to a multiple-step format
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