Xen lee corporation had records for their fiscal year ended June 31, 2000. Prepare a single-step income statement for the year ended June 31, 2000. Prepare a multiple-step income statement for the year ended June 31, 2000.

info:

Cost of goods sold $ 800,000

Net sales 1,000,000

Operating expenses 300,000

Interest expense 50,000

Dividend revenue 20,000

Casualty loss from vandalism 200,000