The following is a partial trial balance for General Lighting Corporation as of December 31, 2016: 300,000 shares of common stock were outstanding throughout 2016. Income tax expense has not yet been recorded. The income tax rate is 40%. Required: 1. Prepare a single-step income statement for 2016, including EPS disclosures. (Round EPS answers to 2 decimal places.) 2. Prepare a multiple-step income statement for 2016, including EPS disclosures. (Round EPS answers to 2 decimal places.)