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Lady Bug Products, Inc. Trial Balance (Partial) For the Year Ended December 31 Account Common Stock (no par)-Beginning Balance Retained Earnings-Beginning Balance Accumulated Other Comprehensive Income-Beginning Balance Dividends Sales Interest Income Dividend Income Gain on Disposal of Plant Assets Unrealized Gain on Trading Securities Unrealized Gain on Available-for-Sale Bonds Cost of Goods Sold Debit Credit \$ 1,650,000 4,400,000 107,000 $76,000 2,800,000 44,000 18,000 115,000 90,000 51,000 er a loss fro 875,000 Print Done Lady Bug Products, Inc provided the following information from its current-year trial balance. (Click the icon to view the trial balance.) Requirements a. Prepare a single-step income statement for the year ended December 31 . The tax rate is 45%. b. Prepare a multiple-step income statement for the year ended December 31. Requirement a. Prepare a single-step income statement for the year ended December 31 . The tax rate is 45%. Prepare Lady Bug's single-step income statement for the current year, one section at a time. (Use parentheses or a Unrealized Gain on Trading Securities Unrealized Gain on Available-for-Sale Bonds Cost of Goods Sold Selling Expenses Office Supplies Expense Sales Salaries Expense Advertising Expense Office Salaries Expense Accounting and Legal Fees-General Systems Consulting Fees-General Depreciation Expense-General Amortization Expense-General Interest Expense Loss on Discontinued Operations-Before Tax Loss on Asset Impairment 90,000 51,000 875,000 30,000 139,000 65,000 74,000 78,000 10,800 48,000 86,000 50,000 27,000 100,000 16,000