The following information for Lesky Corporation covers the year ended December 31, 2012:

Required

Change this statement to a multiple-step format, as illustrated in this chapter.

Transcribed Image Text:

Revenue: Revenues from sales Rental income Interest Total revenue Expenses: LESKY CORPORATION Income Statement For the Year Ended December 31, 2012 Cost of products sold Selling expenses Administrative and general expenses Interest expense Federal and state income taxes Total expenses Net income $242,000 47,000 11,400 2,200 20,300 $362,000 1,000 2,400 365,400 322,900 $ 42,500