The following is a partial trial balance for General Lighting Corporation as of December 31, 2018 Account Title Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Loss from write-down of inventory due to obsolescence Selling expenses General and administrative expenses Interest expense Debits CreditsS 3, 050, 000 94,000 29,500 1,330,000 340,000 440,000 220,000 93,000 300,000 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