The following table shows the balances from various accounts in the adjusted trial balance for Unilink Telecom Corp. as of December 31, 2020: Debit $ Credit 29,500 87,800 60,100 101,500 235,400 183,400 102,200 152,250 399,400 a. Interest income b. Depreciation expense, equipment c. Loss on sale of office equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation, equipment g. Gain from settling a lawsuit h. Cumulative effect of change in accounting principle (pre-tax) i. Accumulated depreciation, buildings j. Loss from operating a discontinued operation (pre-tax) k. Gain on expropriation of land and building by government 1. Sales m. Depreciation expense, buildings n. Correction of overstatement of prior year's sales (pre-tax) 0. Gain on sale of discontinued operation's assets (pre-tax) p. Loss from settling a lawsuit 9. Income taxes expense r. Cost of goods sold 47,500 69,100 2,364,200 130,300 36,700 79,900 58,300 ? 1,184,000 Required: 1. Assuming that the company's Income tax rate is 30%, what are the tax effects and after-tax measures of the items labelled as pre- tax? (Negative answers should be indicated by a minus sign.) Pre-tax 30% Tax Effect After-Tax Measure Cumulative effect of change in accounting principle Loss from operating a discontinued operation Correction of overstatement of prior year's sales Gain on sale of discontinued operation's assets 2. Prepare a multi-step Income statement for the year ended December 31, 2020. (Amounts to be deducted should be indicated by a minus sign In the other revenues and expenses section and the discontinued operations section.) UNILINK TELECOM CORP. Income Statement For Year Ended December 31, 2020 Operating expenses: Other revenues and expenses Discontinued operations