Right Angle Manufacturing Company provided the following information for the year ended December 31 for the current year.

Required

a. Prepare a single-step income statement for the current year. The tax rate is 40%.
b. Prepare a multiple-step income statement for the current year.
c. Prepare a condensed. multiple-step income Statement for the Current year and include all supporting schedules.

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RightAngle Manufacturing Company Tial Balance For the Year Ended December 31 Debit Credit Account Common Stock- Beginning Balanoe Retained Eanings - Beginning Balance Accumulated Other Comprehensive Income-Beginning Balance Dividends Sales Dividend Income Interest Income Gain on Disposal of Plant Assets S 75,000 95,000 $3,400 500 230,000 200 680 1,000 Unrealized Gain on Trading Securities Cost of Goods Sold Selling Expenses Advertising Expense Office Supplies Expense Sales Salaries Expense Office Salaries Expense Accounting and Legal Fees-Administrative Systems Consulting Fees-General Depreciation Expense-General $4,000 $75,000 1.450 3,400 1.250 145 1,890 575 670 2,350 3,000 890 900 250 780 Interest Expense Loss on Asset Impairment Loss on Discontinued Operations- Before Tax Unrealized Loss on Available-forSale Bonds