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 30,700 $ 90,200 61,300 102,700 e. 237,800 195,400 184,600 154,250 411,400 a. Interest income Depreciation expense, equipment Loss on sale of office equipment d. Accounts payable Other operating expenses Accumulated depreciation, equipment 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 48,700 70,300 2,424, 200 131,500 37,900 81,100 59,500 1,208,000 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.) 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: Operating expenses: Other revenues and expenses: nues and expenses Discontinued operations