The following is a partial trial balance for General Lighting Corporation as of December 31, 2024 : Income tax expense has not yet been recorded. The income tax rate is 25% of income before income taxes. Required: 1. Prepare a single-step income statement for 2024 2. Prepare a multiple-step income statement for 2024. Complete this question by entering your answers in the tabs below. Prepare a single-step income statement for 2024. Prepare a single-step income statement for 2024. GENERALLIGHTING CORPORATION Income Statement For the Year Ended December 31, 2024 \begin{tabular}{|l|l|l|} \hline Revenues and gains: & & \\ \hline Sales tevenue & & \\ \hline Interest revenue & & \\ \hline Total revenues and gains & & \\ \hline Coxpenses and losses & & \\ \hline Selling exponse & & \\ \hline Interest expense & & \\ \hline General and administrative expense & & \\ \hline Loss on sale of investments & & \\ \hline Loss on inventory writo-down & & \\ \hline \end{tabular} Prepare a multiple-step income statement for 2024