this is one question only

During 2020, GlenTel Inc. sold its interest in a chain of wholesale outlets. This sale took the company out of the wholesaling business completely. The company still operates its retail outlets. Following are eight profit-related items: Credit Debit $166,000 $ 444,000 1. Depreciation expense 2. Gain on sale of wholesale operation (net of $118,000 income taxes) 3. Loss from operating wholesale operation (net of $128,000 tax benefit) 4. Salaries expense 5. Sales 6. Gain on expropriation of company property 7. Cost of goods sold 8. Income taxes expense 384,000 358,000 1,654,000 281,000 845,000 193,600 Present a multiple-step income statement for 2020. GLENTEL INC. Income Statement For Year Ended December 31, 2020 Operating expenses o Total operating expenses Other revenues/expenses Present a multiple-step income statement for 2020. GLEN TELINC Income Statement For Year Ended December 31, 2020 Operating expenses. Total operating expenses Other revenues/expenses Discontinued operations