Prepare a single-step income statement for the year ended December 31. The tax rate is 45%. Prepare Yellow Lizards single-step income statement for the current year, one section at a time.

B. Prepare a multiple-step income statement for the year ended December 31. Prepare

Yellow Lizard's multiple-step income statement for the current year, one section at a time.

Yellow Lizard Products, Inc. provided the following information from its current-year trial balance. (Click the icon to view the trial balance.) Requirements a. Prepare a single-step income statement for the year ended December 31. The tax rate is 45%. b. Prepare a multiple-step income statement for the year ended December 31. Requirement a. Prepare a single-step income statement for the year ended December 31. The tax rate is 45%. Prepare Yellow Lizard's single-step income statement for the current year, one section at a time. (Use parentheses or a minus sign to enter a loss from discontinued operations.) Yellow Lizard Products, Inc. Statement of Net Income For the Year Ended December 31 Choose from any list or enter any number in the input fields and then continue to the next question b. Prepare a multiple-step income statement for the year ended December 31 Requirement b. Prepare a multiple-step income statement for the year ended December 31. Prepare Yellow Lizard's multiple-step income statement for the current year, one section at a time. (List the subheadings in the order they are typically shown on a multiple-step income statement. Use parentheses or a minus sign to enter other expenses or a loss from discontinued operations.) BER Yellow Lizard Products, Inc. Statement of Net Income For the Year Ended December 31 Less: Choose from any list or enter any number in the input fields and then continue to the next question Yellow Lizard Products, Inc. Trial Balance (Partial) For the Year Ended December 31 Debit Credit Account $ 1,575,000 3,200,000 Common Stock (no par)-Beginning Balance Retained Earnings-Beginning Balance Accumulated Other Comprehensive Income-Beginning Balance 107,000 $ Dividends 76,000 Sales 2,400,000 44,000 Interest Income Dividend Income 24,000 104,000 Gain on Disposal of Plant Assets Unrealized Gain on Trading Securities Unrealized Gain on Available-for-Sale Bonds 86,000 59,000 Cost of Goods Sold 625,000 26,000 139,000 Selling Expenses Office Supplies Expense Sales Salaries Expense Advertising Expense Office Salaries Expense Accounting and Legal Fees-General Systems Consulting Fees-General Depreciation Expense-General Amortization Expense-General Interest Expense Loss on Discontinued Operations-Before Tax Loss on Asset Impairment 55,000 76,000 92,000 10,500 62,000 74,000 46,000 23,000 94,000 18,000