- X The Tamer Tire Company provided the following partial trial balance for the current year ended December 31. The company is subject to a 40% income tax rate. (Click the icon to view the trial balance.) Requirement Prepare a condensed, multiple-step income statement with all supporting schedules. Trial balance Tamer Tire Company Footnote to Support Condensed Income Statement Line Items For the Year Ended December 31 Tamer Tire Company Trial Balance (Selected Accounts) For the Year Ended December 31 Account Debit Credit Dividends $ 2,300 Sales $ 320,000 Interest Income 12,000 Dividend Income 8,000 32,000 Gain on Flood Damage Gain on Disposal of Plant Assets 3,400 Unrealized Gain on Trading Investments 46,000 64,000 5,000 10,000 Cost of Goods Sold Office Supplies Expense Advertising Expense Office Salaries Expense Selling Expenses Accounting and Legal Fees-General 14,000 36,000 3,500 - X The Tamer Tire Company provided the following partial trial balance for the current year ended December 31. The company is subject to a 40% income tax rate. (Click the icon to view the trial balance.) Requirement Prepare a condensed, multiple-step income statement with all supporting schedules. Trial balance Tamer Tire Company Footnote to Support Condensed Income Statement Line Items For the Year Ended December 31 Tamer Tire Company Trial Balance (Selected Accounts) For the Year Ended December 31 Account Debit Credit Dividends $ 2,300 Sales $ 320,000 Interest Income 12,000 Dividend Income 8,000 32,000 Gain on Flood Damage Gain on Disposal of Plant Assets 3,400 Unrealized Gain on Trading Investments 46,000 64,000 5,000 10,000 Cost of Goods Sold Office Supplies Expense Advertising Expense Office Salaries Expense Selling Expenses Accounting and Legal Fees-General 14,000 36,000 3,500