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Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2001, including appropriate EPS disclosures. E 4-5 Income statement presentation LO4-1, LO4-5 The following

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Required: Prepare a single, continuous multiple-step statement of comprehensive income for 2001, including appropriate EPS disclosures. E 4-5 Income statement presentation LO4-1, LO4-5 The following it income statement was prepared by the accountant of the Axel Corporation: AXEL CORPORATION Income Statement For the Year Ended December 31, 2021 Revenues and gains: Sales revenue $599,000 Laterest revenue 39,000 , 710,000 Gain on sale of investments Total revenues and gains Expenses and losses Cost of goods sold $325.000 67,000 87,000 16,000 Selling expense Administrative expense Interest expense Restructuring costs Income tax expense Total expenses and losses Net Income 55,000 40.000 590,000 $120.000 Earnings per share 1.20

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