E$5-1.$ Multiple$-$Step and Single$-$Step Statements of Net Income. $[$Learning Objectives $4,5,6$J 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.

$\backslash$table$[[\backslash$table$[[$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,,$8,000],[$Gain on Flood Damage,,$32,000],[$Gain on Disposal of Plant Assets,,$3,400],[$Unrealized Gain on Trading Investments,,$46,000],[$Cost of Goods Sold,$64,000,],[$Office Supplies Expense,$5,000,],[$Advertising Expense,$10,000,],[$Office Salaries Expense,$14,000,],[$Selling Expenses,$36,000,],[$Accounting and Legal Fees$-$General,$3,500,]]$E$5-1.$ Multiple$-$Step and Single$-$Step Statements of Net Income. $[$Learning Objectives $4,5,6$J 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.

$\backslash$table$[[\backslash$table$[[$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,,$8,000],[$Gain on Flood Damage,,$32,000],[$Gain on Disposal of Plant Assets,,$3,400],[$Unrealized Gain on Trading Investments,,$46,000],[$Cost of Goods Sold,$64,000,],[$Office Supplies Expense,$5,000,],[$Advertising Expense,$10,000,],[$Office Salaries Expense,$14,000,],[$Selling Expenses,$36,000,],[$Accounting and Legal Fees$-$General,$3,500,]]$E$5-1.$ Multiple$-$Step and Single$-$Step Statements of Net Income. $[$Learning Objectives $4,5,6$J 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.

$\backslash$table$[[\backslash$table$[[$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,,$8,000],[$Gain on Flood Damage,,$32,000],[$Gain on Disposal of Plant Assets,,$3,400],[$Unrealized Gain on Trading Investments,,$46,000],[$Cost of Goods Sold,$64,000,],[$Office Supplies Expense,$5,000,],[$Advertising Expense,$10,000,],[$Office Salaries Expense,$14,000,],[$Selling Expenses,$36,000,],[$Accounting and Legal Fees$-$General,$3,500,]]$