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

Account Title	Debits	Credits
Sales revenue		3,200,000
Interest revenue		97,000
Loss on sale of investments	31,000
Cost of goods sold	1,360,000
Loss from write-down of inventory due to obsolescence	370,000
Selling expenses	470,000
General and administrative expenses	235,000
Interest expense	96,000

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.