The Tappen Tire Company provided the following partial trial balance for the current year ended December 31. The company is subject to a 35% income tax rate. (Click the icon to view the trial balance.) Read the requirements Requirement a. Prepare a single-step income statement Prepare Tappen Tire Company's single-step income statement, one section at a time. (Use parentheses or a minus sign to enter a loss from discontinued operations.) Tappen Tire Company Statement of Net Income For the Year Ended December 31 Account Dividends Tappen Tire Company Trial Balance (Selected Accounts) For the Year Ended December 31 Debit Credit $ 4,100 Sales Interest Income Dividend Income $ 340,000 18,000 8,200 Gain on Flood Damage 42,000 Gain on Disposal of Plant Assets 5,200 Unrealized Gain on Trading Investments 54,000 Cost of Goods Sold 84,000 Office Supplies Expense 6,600 Advertising Expense 24,000 Office Salaries Expense 30,000 Selling Expenses 38,000 Accounting and Legal Fees-General 5,500 Sales Salaries Expense. 8.200 Dividend Income 8,200 Gain on Flood Damage 42,000 Gain on Disposal of Plant Assets 5,200 Unrealized Gain on Trading Investments 54,000 Cost of Goods Sold 84,000 Office Supplies Expense 6,600 Advertising Expense 24,000 Office Salaries Expense 30,000 Selling Expenses 38,000 Accounting and Legal Fees-General 5,500 Sales Salaries Expense 8,200 Systems Consulting Fees-General 3,200 Depreciation Expense-General 24,000 Amortization Expense-General 13,000 Interest Expense 6,100 Loss on Asset Impairment 14,500 Loss on Discontinued Operations-Before Tax 29,000 Unrealized Loss on Available-for-Sale Bonds 6,200 Requirement a. Prepare a single-step income statement. Prepare Tappen Tire Company's single-step income statement, one section at a time. (Use parentheses or a minus sign to enter a loss from discontinued operations.) Tappen Tire Company Statement of Net Income For the Year Ended December 31 Discontinued Operations Expenses and Losses Gross Profit Income From Continuing Operations Operating Expenses: Operating Income Revenues and Gains Total Expenses and Losses Total Revenues and Gains elp