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The following is a partial trial balance for General Lighting Corporation as of December 31, 2021 Debits Credits 2,950,00 28,500 1,310,000 320,000 420,00 210,000 91,
The following is a partial trial balance for General Lighting Corporation as of December 31, 2021 Debits Credits 2,950,00 28,500 1,310,000 320,000 420,00 210,000 91, Account Title Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Logs on inventory write-down (obsolescence) Selling expense General and administrative expense Interest expense There were 300,000 shares of common stock outstanding throughout 2021 Income tax excerse has not yet been carded the income tax rate is 25% Required: 1. Prepare a single-step income statement for 2021 including EPS disclosures 2. Prepare a multiple-step income statement for 2021, including EPS disclosures Complete this question by entering your answers in the tabs below. Required 2 Required 1 Prepare a single-step income statement for 2021, including EPS dictures (US) GENERAL LIGHTING CORPORATION Income Statement For the Year Ended December 1, 20 0 and gains Required 1 Required 2 Prepare a single-step income statement for 2021, including EPS disclosures. (A GENERAL LIGHTING CORPORATION Income Statement For the Year Ended December 31, 2171 Revenues and gains: Total revenues and gains Expenses and losses: Total expenses and loss Income before income taxe Ner income Earrings por share si Required 1 Required 2 Prepare a multiple-step income statement for 2021, including EPS disclosures. Round Bewer Amounts to be deducted should be indicated with a mnus sign.) GENERAL LIGHTING CORPORATION Income Statement For the Year Ended December 31, 2024 Gross profit Operating expenses: Total operating expenses Operating income Other income (expense) Total other income pense Income before income si Net income Earrings per share
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