The following table shows the balances from various accounts in the adjusted trial balance for UniLink Telecom Corp. as of December 31, 2020: 4 Credit 30,400 102,400 192,400 104,000 153,600 408,400 Debit a. Interest income b. Depreciation expense, equipment $ 89,600 c. Loss on sale of office equipment 61,000 d. Accounts payable e. Other operating expenses 237,200 f. Accumulated depreciation, equipment g. Gain from settling a lawsuit Cumulative effect of change in accounting h. principle (pre-tax) i. Accumulated depreciation, buildings Loss from operating a discontinued operation j. 48,400 (pre-tax) Gain on expropriation of land and building by k. government 1. Sales m. Depreciation expense, buildings 131,200 Correction of overstatement of prior year's 37,600 sales (pre-tax) Gain on sale of discontinued operation's assets (pre-tax) p. Loss from settling a lawsuit 59,200 g. Income taxes expense ? r. Cost of goods sold 1,202,000 70,000 2,409,200 n. 0. 80,800 Required: 1. Assuming that the company's income tax rate is 20%, 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 20% 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