The following is a partial trial balance for General Lighting Corporation as of December 31, 2018:

Account Title	Debits	Credits
Sales revenue		3,300,000
Interest revenue		99,000
Loss on sale of investments	32,000
Cost of goods sold	1,380,000
Loss from write-down of inventory due to obsolescence	390,000
Selling expenses	490,000
General and administrative expenses	245,000
Interest expense	98,000

300,000 shares of common stock were outstanding throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40%. Required: 1. Prepare a single-step income statement for 2018, including EPS disclosures. 2. Prepare a multiple-step income statement for 2018, including EPS disclosures.

Prepare a single-step income statement for 2018, including EPS disclosures. (Round EPS answer to 2 decimal places.)

GENERAL LIGHTING CORPORATION
Income Statement
For the Year Ended December 31, 2018
		0
		0
		0
Earnings per share

Prepare a multiple-step income statement for 2018, including EPS disclosures. (Round EPS answer to 2 decimal places. Amounts to be deducted should be indicated with a minus sign.)

GENERAL LIGHTING CORPORATION
Income Statement
For the Year Ended December 31, 2018
		0
		0
		0
		0
		0
Earnings per share