Question: Exercise 4-3 (Algo) Income statement format; single step and multiple step [LO4-1, 4-3, 4-5] The following is a partial trial balance for General Lighting Corporation
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Exercise 4-3 (Algo) Income statement format; single step and multiple step [LO4-1, 4-3, 4-5] The following is a partial trial balance for General Lighting Corporation as of December 31, 2021 There were 200,000 shares of common stock outstanding throughout 2021. Income tax expense has not yet been recorded. The income tax tate is 25s Required: 1. Piepare a single-step income statement for 2021, including EPS disciosures. 2. Prepare a multipie-step income statement for 2021, including EPS disclosures. Complete this question by entering your answers in the tabs below. Prepare a single -itep incone statement for 2021, induding EPS disclosures, (Found EPS answer to 2 dedimal placee.) 2. Prepare a muliple-step income statement for 2021, including EPS disclosures. Complete this question by entering your answers in the tabs below. Prepare a single-step income statement for 2021 , Including EpS tisclesures. (Pound Ep5 answer to 2 decima) placeii) Drepare a muliple step income statement for 2021, including EPS disclosures. (Alound EPS amswer to 2 dedimal places. Alfounts to be seducted should be indicatied with a minis sign.)
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