You may Simple Income Statement The following are selected items derived from Dibb Compeny's adjusted trial balance on December 31, 2016 Loss on sale of land $5,000 Cost of goods sold $130,000 Sales (net) use the attached spreadsheet to help you complete this activity, but you are not required to do so. You wi find the s spreadsheet by clicking on the green Excel icon in the upper left hand corner of the activity. $198,000 Operating expenses 45,000 Twelve thousand shares of common stock were outstanding the entire yea Required: Assuming30% income tax rate on all items of income prepare a 2016 income statement for Deos company using a multiple step format. Round earnings per share donotat ons tot a place 088 com ANY Income Statement (Muple-Step) Other items Income before income ta Assuming a 30% income tax rate on all items of income, prepare a 2016 income statement for Dibes Company using a multiple-step format. Round earnings per share computations to two decimal places. Income Statement (Mutiple-Step) For Year Ended December 31, 2016 Income before income tax Components of Income EPS at Round earn gi pe tha e t tative to t e der Assuming 30% income tax rate on all items of income prepare a 2016 income statement for pees co es y using a sin le step for DIBB COMPANY Income Statement (Single-Step) For Year Ended December 31, 2016 Expenses Assuming a 30% income tax rate on all items of inco me prepare a 2016 income statement for Db s Company using a single-step format Round earn s per share computations to two decimal BB COMPANY income Statement (Single-Sbep) For Year Ended December 31, 2016 Total expenses EPS Components of Income