The following items were taken from the adjusted trial balance of the Biggler Manufacturing Corporation on 31 December 20X5. Assume an average 20% income tax on all items (including the divestiture loss). The accounting period ends 31 December. All amounts given are pre-tax.

Sales revenue $745,200 Rent revenue 2,400 Interest revenue 900 Gain on sale of capital assets 2,000 Distribution expenses 136,000 General and administrative expenses 110,000 Interest expense 1,500 Depreciation and amortization 6,000 Court-ordered divestiture loss 19,000 Cost of goods sold 330,000 Operating loss of discontinued operation to disposal date, before income tax 28,000 Loss on sale of assets of discontinued operation, before income tax 10,000 All items are subject to the same income tax rate. Required: 1. Prepare a single-step income statement. 2. Prepare a multiple-step income statement.