Instructions Income Statements: single step and multiple step Before beginning, you should read page 207 in your textbook. Helpful references from your text: E 4-3, p. 207 Income statement format; single step and multiple step . LO4-1, LO4-3, LO4-5 Scenaric The following is a partial trial balance for General Lighting Corporation as of December 31, 2018: Partial Trial Balance Debits Credits Account Title Sales revenue Interest revenue 2.350,000.00 sodoo.oo Partial Trial Balance Account Title Sales revenue Interest revenue Debits Credits 2,350,000.00 80,000.00 Loss on sale of investments 22,500.00 Cost of goods sold 1,200,300.00 Loss from write-down of inventory due to obsolescence 200,000.00 300.000.00 Selling expenses General and administrative expenses Interest expense 150,000.00 90,000.00 300,000 shares of common stock were outstanding throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40 percent. Assignment Usins the portsai wail balance provided and considerios the scenario, respond to the iollowisg prompt Prepore islerstep inconme slaterient for 2018, inclading EPS d Interest expense 90,000.00 300,000 shares of common stock were outstanding throughout 2018. Income tax expense has not yet been recorded. The income tax rate is 40 percent Assignment Using the partial trail balance provided and considering the scenario, respond to the following prompts . Prepare a single-step income statement for 2018, including EPS disclosures. Prepare a multiple-step income statement for 2018, including EPS disclosures Submit Please put your first and last name at the top of the document followed by the date. Save the document with your first initial and last name followed by Db4. (eg, john doe would be jdoe db4 which should save as jdoe dp4.doc) please upload to the dropbox submission board. During the attempt or completion of this assignments please be sure to submit your assignment answers in either word processor or spreadsheet applications For neatness and conformity please use a spreadsheet fo port of all calculations and journal entries