statement with all supporting disclosures. P5-3. Multiple-step, Single-step, and Condensed Statements of Net Income. Right Angle Manufacturing pany provided the following information for the year ended December 31 for the current year Right Angle Manufacturing Company Trial Balance (Partial) For the Year Ended December 31 Debit Credit $ 75,000 95,000 $3,400 500 Account Common Stock-Beginning Balance Retained EarningsBeginning Balance Accumulated Other Comprehensive Income--Beginning Balance Dividends Ge Sales 4 Dividend Income 9 - Interest Income 7 - Gain on Disposal of Plant Assets Unrealized Gain on Trading Securities GP/Cost of Goods Sold 230,000 200 680 1,000 $4,000 $75,000 Credit SE 56 Seling A Right Angle Manufacturing Company Trial Balance (Partial) For the Year Ended December 31 Account Selling Expenses Advertising Expense PE Office Supplies Expense SE 4-Sales Salaries Expense 9 Office Salaries Expense 9 Accounting and Legal Fees-Administrative Systems Consulting Fees-General Depreciation Expense-General Amortization Expense-General Interest Expense Loss on Asset Impairment Loss on Discontinued Operations-Before Tax Unrealized Loss on Available-for-Sale Bonds Debit 1.450 3,400 1,250 145 1,890 575 670 G76 Der 2,350 3,000 890 900 250 780 Required a. Prepare a single-step income statement for the current year. The tax rate is 40%. b. Prepare a multiple-step income statement for the current year. c. Prepare a condensed, multiple-step income statement for the current year and include all supporting schedules