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The following is a partial trial balance for General Lighting Corporation as of December 31, 2021: Account Title Debits Credits Sales revenue 2,750,000 Interest revenue

The following is a partial trial balance for General Lighting Corporation as of December 31, 2021:

Account Title Debits Credits
Sales revenue 2,750,000
Interest revenue 88,000
Loss on sale of investments 26,500
Cost of goods sold 1,270,000
Loss on inventory write-down (obsolescence) 280,000
Selling expense 380,000
General and administrative expense 190,000
Interest expense 87,000

There were 300,000 shares of common stock outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax rate is 25%.

Required:

Prepare a single-step income statement for 2021, including EPS disclosures.

Prepare a multiple-step income statement for 2021, including EPS disclosures.

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Required 1 Required 2 Prepare a single-step income statement for 2021 , including EPS disclosures. GENERAL LIGHTING CORPORATION Income Statement For the Year Ended December 31, 2021 Revenues and gains: Prepare a multiple-step income statement for 2021 , including EPS disclosures. mounte ta he dedurted chnuld he indirated with a minuc cian )

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