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Two accountants for them of Elves and Wrightare arguing about the merits of preserving an income statement in a multiple-step We are slag fomat. The

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Two accountants for them of Elves and Wrightare arguing about the merits of preserving an income statement in a multiple-step We are slag fomat. The discussion is the following 2020 romaaned to Mange Carpan ISOOD med. Administre expense Officers are Depreciation of office care and corrent Cost of goods sold Rent revenue Selingen Delivery expense sales con Deprecaten araberant 6.730 Sela Incertex 2.110 Common shares outstanding for 2020 total 36,800 (000 omitted) Prepare an income statement for the year 2020 aing the multiple-step farm. (Round cerminga perature to 2 decimal places, MARIGOLD COMPANY Income Statement (In thousand, encestes per share) Prepare an income statement for the year 2020 using the singlestep form. (Round earnings per Share to 2 decimal places, e.g. 1.48) MARIGOLD COMPANY Incon Statement (In thousands, secapearings per dare)

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