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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
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 Credits 3,898,8ee 93,900 29,00 33,90 215,900 1,328,98e 92,880 300,000 shares of common stock were outstanding throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40%. Requlrec 1. Prepare a single-step income statement for 2018, including EPS disclosures. 2. Prepare a multiple-step income statement for 2018, including EPS disclosures. Complete this question by entering your answers in the tabs below Required 1Required 2 Prepare a single-step income statement for 2018, including EPS disclosures. (Round EPS answer to 2 decimal places.) Income Statement For the Year Ended 31, 2018 Earnings per share
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