The following is a partial trial balance for General Lighting Corporation as of December $31,2024$:

Income tax expense has not yet been recorded. The income tax rate is $25\%$ of income before income taxes.

Requlred:

Prepare a single$-$step income statement for $2024.$

Prepare a multiple$-$step income statement for $2024.$

Complete this question by entering your answers in the tabs below.

Required $2$

Prepare a multiple$-$step income statement for $2024.$

Note: Amounts to be deducted should be indicated with a minus sign.

GENERAL LIGHTING CORPORATION

Income Statement

For the Year Ended December $31,2024$