The following information from Belvidere Company's current operations is available:

Income Statement Format The following information from Belvidere Company's current operations is available: Administrative expenses $73,000 Cost of goods sold 464,000 Sales revenue 772,000 Selling expenses 87,000 Interest expense 10,000 Loss from operations of discontinued segment 60,000 Gain on disposal of discontinued segment 40,000 Income taxes: Amount applicable to ordinary operations 60,000 Reduction applicable to loss from operations of discontinued segment 24,000 Amount applicable to gain on disposal ofdiscontinued segment 16,000 Required a. Prepare a multiple-step income statement. (Disregard earnings per share.) b. Prepare a single-step income statement. (Disregard earnings per share.) a. Hint: Do not enter any answers as negative numbers uniess it's indicated with an asterisk *. Sales Revenue '5 Selling Expenses 4: Administrative Expenses @ Operating Income Interest Expense Income from Continuing Operations before Taxes I|EE|EE|E E|EE I E Discontinued Operations Loss from operations of discontinued segment [3\" Gain on disposal of discontinued segment [:| Net Income b. Hint: Do not enter any answers as negative numbers unless it's indicated with an asterisk *. Sales Reven LEE [:1 Cost of Goods Sold Selling Expenses Administrative Expenses interest Expense income Tax Expense 0 0 Loss from operations of discontinued segment Gain on disposal ofdiscontinued segment Net Income