Solve the following exercise of Multiple-Step and Single-Step Income Statement. Bluebird Products, Inc. provided the following information from its current-year trial balance.

REQUIRED ;

Required

1. Prepare a single-step income statement for the year ended December 31. The tax rate is 40%

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

Required 1. Prepare a singlestep inome susement for the year ended Dowenber 31. The tar rete is 40%. 2. Prepare a multiple-stap incorne statement for the year ended Desember 31