Question 4 Answer saved Marked out of 34.00 P Flag question Income Statement Format The following information from Belvidere Company's current operations is available: Administrative expenses $96,600 Cost of goods sold 649,600 Sales revenue 1,080,800 Selling expenses 121,800 Interest expense 9,800 Loss from operations of discontinued segment 34,000 Gain on disposal of discontinued segment 56,000 Income taxes Amount applicable to ordinary operations 81.200 Reduction appicable to loss from operations of discontinued segment 33,600 Amount applicable to gain on disposal of discontinued segment 22,400 Required a. Prepare a multiple-step income statement. (Disregard earnings per share b. Prepare a single-step income statement (Disregard earnings per share.)