1. make a single step statement of comprehensive income
2. make a multi-step statement of comprehensive income
3. show your schedule

show the computations

GROUP NAME: PROBLEM #4 - PREPARATION OF INCOME STATEMENT The record of Tiger Co. showed the following data for the year 2020: Depreciation-Building 400,000 Depreciation-Delivery Truck 150,000 Depreciation-Office Equipment 150,000 Depreciation-Store Equipment 100,000 Dividend Income 200,000 Doubtful Accounts 150,000 Freight In 250,000 Freight Out 120,000 Income Tax Expense 1,104,000 Interest Income 200,000 Loss on Equipment 100,000 Merchandise Inventory, Beg 4,500,000 Merchandise Inventory, End 5,800,000 Office Salaries 900,000 Purchase Discounts 120,000 Purchase Returns and Allowances 180,000 Purchases 7,300,000 Rent Income 300,000 Sales 12,500,000 Sales Discount 140,000 Sales Return and Allowances 260,000 Sales Salaries 700,000 Salesman's Commission 400,000 Required: 1. Prepare a Single-Step Statement of Comprehensive Income (10Pts) 2. Prepare a Multi-Step Statement of Comprehensive Income (10 pts) 3. Show your schedule (10pts: 2.5 pts each) 4. DO NOT SUBMIT AN EXCEL FILE. 5. MAKE SURE YOU HAVE THE PROPER HEADING (NO HEADING -5PTS)