i already made the single step income statement, i just need the multi-step income...
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i already made the single step income statement, i just need the multi-step income statement
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 rote 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 For the Year Ended December 31,2024 \begin{tabular}{|l|l|l|} \hline & & \\ \hline Gross profit & & \\ \hline Operating expenses: & & \\ \hline & & \\ \hline & & \\ \hline Total operating expenses & & \\ \hline Operating income & & \\ \hline Other income (expense): & & \\ \hline & & \\ \hline & & \\ \hline Income before income taxes & & \\ \hline Net income & & \\ \hline & & \\ \hline \end{tabular}
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