TCR, Inc. maintains and sells office equipment. The following income statement account balances are available for TCR at the end of 2014. Advertising Expense $ 24,200 600,000 Cost of Goods Sold Income Tax Expense (30% of income before taxes) Interest Expense 40,900 Loss on Sale of Investments 10,000 11,900 202,100 1,928,800 66,400 448,300 Rent Revenue Salaries Expense for Office Personnel Sales Supplies Expense Wage Expense for Service Technicians Required: (1) Prepare a single-step income statement for TCR for 2014. (2) Prepare a multi-step income statement for TCR for 2014.

TCR, Inc. maintains and sells office equipment. The following income statement account balances are available for TCR at the end of 2014 . Required: (1) Prepare a single-step income statement for TCR for 2014. (2) Prepare a multi-step income statement for TCR for 2014