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Preparing a Single Step and a Multiple-Step Income Statement Lewis Company's records show the following information at December 31, 2020, its annual year-end. Sales revenue
Preparing a Single Step and a Multiple-Step Income Statement Lewis Company's records show the following information at December 31, 2020, its annual year-end. Sales revenue 576.000 Interest expense $3,200 Service revenue 28.000 Earthquake loss on building 12.000 Gain on sale of short-term investments 8.800 Loss on sale of warehouse 2.400 Selling expense 14.400 Cost of goods sold 36.000 General and administrative expense 9.600 Common stock shares outstanding 10,000 shares Depreciation expense (administrative) 4,800 Income tax rate 25 * Loss on sale of warehouse is considered nonoperating Required a. Prepare a single-step income statement (including earnings per share). b. Prepare a multiple-step income statement (including earnings per share). Enter revenues and gains and expenses and losses in the order of the largest dollar amount to the smallest dollar amount . Do not use negative signs with any of your answers. Enter the answer for earnings per share in dollars and cents, rounded to the nearest penny. Single-step Multiple-step a. Prepare a single-step income statement (including earnings per share). Single-step Multiple-step a. Prepare a single-step income statement (including earnings per share). Lewis Company Income Statement For the Year Ended December 31, 2020 $ 0 0 > $ $ 0 Earnings per share Please answer all parts of the question Check
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