Question: Exercise 4-3 (Algo) Income statement format; single step and multiple step [LO4-1] The following is a partial trial balance for General Lighting Corporation as of

Exercise 4-3 (Algo) Income statement format; single step and multiple step [LO4-1] The following is a partial trial balance for General Lighting Corporation as of December 31, 2024 Income tax expense has not yet been recorded. The income tax rate is 25% of income before income taxes. Required: 1. Prepare a single-step income statement for 2024. 2. Prepare a multiple-step income statement for 2024

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