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Preparing a Single-Step and a Multiple-Step Income Statement The following selected items are taken from the adjusted trial balance of Amick Corp. at December 31,

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Preparing a Single-Step and a Multiple-Step Income Statement The following selected items are taken from the adjusted trial balance of Amick Corp. at December 31, 2020 Sales revenue $1.900.000 Cost of goods sold 1.150.000 Dividends received on investment in stocks 13.000 Interest expense 8.400 Loss on sale of investments 96.000 Promotion expense 30,000 Shipping expense 50,000 Depreciation (son selling som general and administrative) 40.000 Salaries (eneral and administrative) 160.000 Other general and administrative expenses 46.000 Salaries selline 170,600 5.000 Interest revenue Income tax rate 25 Common stock 20.000 shares Required a. Prepare a single-step income statement (including earnings per share). Include income taxes in its own section 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-stop Multiple-step algs 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). Include income taxes in its own section Amick Corp. Income Statement For the Year Ended December 31, 2020 . $ 0 0 ( Total revenues and gains Olo 4 Salaries expense o 0 0 0 0 0 > 0 . 0 Total expenses and losses 0 . 0 1 0 . $ 0 $ 0 Earnings per share b. Prepare a multiple step income statement (including earnings per share). Amick Corp. Income Statement For the Year Ended December 31, 2020 $ 0 e 0 Operating expenses Selling expenses 0 $ 0 0 2 0 0 0 General and administrative expenses: 0 44 OOO g Total operating expenses Operating income 0 0 0 0 0 4) ) ) ) ) 0 0 OOOOO 5 $ Earnings per share

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