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

Account Title

Sales revenue

Interest revenue

Loss on sale of investments

Cost of goods sold

Loss on inventory write$-$down $($obsolescence$)$

Selling expense

General and administrative expense

Interest expense

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

Required:

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

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

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Required $2$

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