E 4 2 Income Statement Format P 212 The Following Is A Partial Trial Balance For

Income statement format p. 212The following is a partial trial balance for General Lighting Corporation as of December 31, 2011:credits2,350,00080,00022,500120,0001,200,300loss from write down of inventory 200,000300,000100,00090,00050,000300,000 shares of common stock were outstanding throughout 2011. Income tax expense has not yet been accrued. The income tax rate is 40%.Required:1.Prepare a single-step income statement for 2011, including EPS disclosures. 2.Prepare a multiple-step income statement for 2011, including EPS disclosures.