The following table shows the balance

Problem 13-6A Presenting items in an income statement LO4 The following table shows the balances from various accounts in the adjusted trial balance for UniLink Telecom Corp. as of December 31, 2020: a. Interest income b. Depreciation expense, equipment C. Loss on sale of office equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation, equipment Gain from settling a lawsuit h. Cumulative effect of change in accounting principle (pre-tax) Accumulated depreciation, buildings i. j. Loss from operating a discontinued operation (pre-tax) k. Gain on expropriation of land and building by government Sales 1. m. n. 0. P. 9. r. Depreciation expense, buildings Correction of overstatement of prior year's sales (pre-tax) Gain on sale of discontinued operation's assets (pre-tax) Loss from settling a lawsuit Income taxes expense Cost of goods sold Required: $ Debit 87,400 59,900 235,000 47,300 130, 100 36,500 58,100 ? 1,180,000 $ Credit 29,300 101, 300 181,400 101,800 151,950 397,400 68,900 2,354,200 79,700 Required: 1. Assuming that the company's income tax rate is 40%, what are the tax effects and after-tax measures of the items labelled as pre- tax? (Negative answers should be indicated by a minus sign.) Cumulative effect of change in accounting principle Loss from operating a discontinued operation Correction of overstatement of prior year's sales Gain on sale of discontinued operation's assets Pre-tax 40% After-Tax Tax Effect Measure 2. Prepare a multi-step income statement for the year ended December 31, 2020. (Amounts to be deducted should be indicated by a minus sign in the other revenues and expenses section and the discontinued operations section.) UNILINK TELECOM CORP. Income Statement For Year Ended December 31, 2020 2. Prepare a multi-step income statement for the year ended December 31, 2020. (Amounts to be deducted should be indicated by a minus sign in the other revenues and expenses section and the discontinued operations section.) Operating expenses: Other revenues and expenses: UNILINK TELECOM CORP. Income Statement For Year Ended December 31, 2020 Other revenues and expenses: Discontinued operations