Gain on disposal of discontinued segment. . Income Statement Format The following information from Buchanan Company's...

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Gain on disposal of discontinued segment. . Income Statement Format The following information from Buchanan Company's current opera- tions is available: Administrative expenses. Cost of goods sold Sales revenue. Selling expenses Interest expense.. Loss from operations of discontinued segment $ 73,000 470,000 772,000 87,000 10,000 60,000 40,000 Income taxes: Amount applicable to ordinary operations... 40,000 Reduction applicable to loss from operations of discontinued segment Amount applicable to gain on disposal of discontinued segment. 14,000 8,000 Required a. Prepare a multiple-step income statement. (Disregard earnings per share.) b. Prepare a single-step income statement. (Disregard earnings per share.) Earnings per Share Stanford Corporation began the year with 150.000 shares of common stock out. Gain on disposal of discontinued segment. . Income Statement Format The following information from Buchanan Company's current opera- tions is available: Administrative expenses. Cost of goods sold Sales revenue. Selling expenses Interest expense.. Loss from operations of discontinued segment $ 73,000 470,000 772,000 87,000 10,000 60,000 40,000 Income taxes: Amount applicable to ordinary operations... 40,000 Reduction applicable to loss from operations of discontinued segment Amount applicable to gain on disposal of discontinued segment. 14,000 8,000 Required a. Prepare a multiple-step income statement. (Disregard earnings per share.) b. Prepare a single-step income statement. (Disregard earnings per share.) Earnings per Share Stanford Corporation began the year with 150.000 shares of common stock out.