please help will upvote .

CHAPTER 4 HOMEWORK PROBLEM "he Houston Manufacturing Company presents the following partial lists of account balances, after adjustments, as of December 31, 2016: "he following information is also available, but is not reflected in the preceding accounts: 1. The company sold Division E (a component of the company) on August 1,2016 . This action reflects a strategic shift for the company. During 2016, Division E incurred a pretax loss from operations of $20. However, because the acquiring company could vertically integrate Division E into its facilities, there was a $40 pretax gain on the sale. 2. The common stock was outstanding for the entire year. A cash dividend on $1 per share was declared and paid in 2016. 3. Assume a 30% tax rate. REQUIRED: 1. Prepare a 2016 multiple-step income statement for the Houston Manufacturing Company 2. Prepare a 2016 single-step income statement for the Houston Manufacturing Company