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Direction: Not for sale The teacher shall group her/his students into two (2) virtually. Each group selects a leader, a secretary and a reporter and chooses any online meeting platform convenient and available to the members (messenger, zoom, google classroom, etc.). Using either a Powerpoint presentations or a spreadsheet, every group shall differentiate the two (2) formats of the statement of Comprehensive Income. Presentation will be done on online meeting. GROUP 1: Single-step Group Prepare a single-step Statement of Comprehensive Income for service business using the following: Revenues - 50.000 Rent expense - 5,000 Salaries expense -6,000 Utilities expense - 4,000 Learners can use any business name and the end of the current year for the heading. Suggested Answer: (Topic: Preparation of financial statement) GROUP 2: Multi-step Group Prepare a multi-step Statement of Comprehensive for merchandising business Income using the following: Sales - 40,000 Cost of Goods Sold - 15,000 General and administrative expenses - 5,000 Selling expenses - 4,000 Rubrics Score 5 Content Format Presented accurate Used proper format of information/answers account and report form and applied precisely the rules in F.S preparation o Provide only 2-40 Some parts of the accurate information/answers presentation inaccurate and/or erroneous. 3 are Nare. In the absence internet connection de lease a fare ar financial statement