- Trial balance Bradley Corporation provided the following account balances as of the end of the current year. The company is subject to a 40% income tax rate. (Click the icon to view the trial balance.) Requirement Prepare a single-step and a multiple-step statement of net income for Bradley Corporation. Bradley Corporation Trial Balance (Selected Accounts) For the Year Ended December 31 Debit Credit $ 13,200 $ 1,245,890 Account Prepare Bradley Corporation's single-step income statement, one section at a time. Dividends Sales Bradley Corporation Statement of Net Income Interest Income 6.700 For the Year Ended December 31 5.400 V 12,000 16,700 18,700 30,000 65,000 Dividend Income Unrealized Gain on Trading Securities Gain on Disposal of Plant Assets Gain on Flood Damage-Before Tax Gain on Discontinued OperationsBefore Tax Cost of Goods Sold Sales Salaries Expense Office Supplies Expense Advertising Expense Office Salaries Expense Systems Consulting Fees-General Selling Expenses Accounting and Legal Fees Administrative Depreciation Expense-General Amortization Expense-General Interest Expense Loss on Asset Impairment Unrealized Loss on Available-for-Sale Bonds 32,500 21,500 79,500 23,500 18.900 75,000 34,500 89,750 12,000 14,000 58,900 6,080