Wilson Products, Inc. provided the following information from its current-year trial balance C Requirement a. Prepare an income statement for the current year using each reporting format (single-step, multiple-step, and condensed, multiple- step with supporting disclosures) Round to the nearest dollar Begin by completing Wilson's single-step income statement for the current year, one section at a time. (Round all amounts to the nearest whole dollar Use parentheses or a minus sign to enter a loss from discontinued operations.) Wilson Products, Inc. Statement of Net Income For the Year Ended December 31 Wilson Products, Inc provided the following information from its current-year trial balance For the Year Ended December 31 trial balance Common stock -nopar-beg. bal. Tetained earnings heg. bal accumulated other. comp.inc. dividends Sales dividend income interest income gain of disposal of plant assets unrealized gain on trending sec Cost of goods sold selling expenses advertising expenses othice salaries expenses Sales salaries expenses Office Supplies expenses Accounting legal rees-admin Systems consulting fees-admin amoritization expense - admin deprecation expense admin interest expense un realized loss on avail. for sale inv. Losson asset impairment loss on dis continued operations debit $ 130 42,500 4,400 7,400 6.300 2.450 2,200 340 360 5,100 8,100 930 850 410 850 Credit $77,000 700,000 205,000 475,000 1,150 3,700 700 175