The following table shows the balances from various accounts in the adjusted trial balance for UniLink Telecom Cors as of December 31 2020 Debit Interest income. b. Depreciation expense, equipment. Credit $ 25.000 $16.400 c Loss on sale of office equipment. 59.400 d Accounts payable. 100.000 e Other operating expenses f. Accumulated depreciation, equipment 2 Gain from settling a lawsuit 234.000 176,400 100.000 L h. Cumulative effect of change in accounting principle (pre-tax). Accumulated depreciation, buildings. 151.200 392.400 J Loss from operating a discontinued operation (pre-tax). 46.800 k Gain on expropriation of land and building by government. 63.400 2.329.200 L Sales m. Depreciation expense, buildings 129.600 n Correction of overstatement of prior year's sales (pre-tax). 36.000 o Gain on sale of discontinued operation's assets (pre-tax). p. Loss from settling a lawsuit 79.200 57,600 4 Income taxes expense 1.170.000 Cost of goods sold 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 2. Prepare a multi-step income statement for the year ended December 31, 2020.