The following is a partial trial balance for General Lighting Corporation as of December 31, 2021 Account Title Debits Credits Sales revenue 2,350,000 Interest revenue 80,000 Loss on sale of investments 22,500 Cost of goods sold 1,200,300 Loss on inventory write down (obsolescence) 200,000 Selling expense 300,000 General and administrative expense 150,000 Interest expense 90,000 There were 160,000 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 Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare a multiple step income statement for 2021, including EPS disclosures (Round EPS answer to 2 decimal places Amounts to be deducted should be indicated with a minus sign ) GENERAL LIGHTING CORPORATION Income Statement For the Year Ended December 31, 2021 Gross profit Operating expenses Total operating expenses Operating income Other income (expense) Total other income (expense), net Income before income taxes Net income Earnings per share

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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 2,350,000 Interest revenue

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

Account Title	Debits	Credits
Sales revenue		2,350,000
Interest revenue		80,000
Loss on sale of investments	22,500
Cost of goods sold	1,200,300
Loss on inventory write-down (obsolescence)	200,000
Selling expense	300,000
General and administrative expense	150,000
Interest expense	90,000

There were 160,000 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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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a multiple-step income statement for 2021, including EPS disclosures. (Round EPS answer to 2 decimal places. Amounts to be deducted should be indicated with a minus sign.) GENERAL LIGHTING CORPORATION Income Statement For the Year Ended December 31, 2021 Gross profit Operating expenses Total operating expenses Operating income Other income (expense): Total other income (expense), net Income before income taxes Net income Earnings per share: