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

Account Title	Debits	Credits
Sales revenue		2,900,000
Interest revenue		91,000
Loss on sale of investments	28,000
Cost of goods sold	1,300,000
Loss on inventory write-down (obsolescence)	310,000
Selling expense	410,000
General and administrative expense	205,000
Interest expense	90,000

There were 200,000 shares of common stock outstanding throughout 2021. Income tax expense has not yet been recorded. 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.