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Business, 18.10.2019 22:00 kamjay2006

The following is a partial trial balance for general lighting corporation as of december 31, 2021: account title debits credits sales revenue 3,150,000 interest revenue 96,000 loss on sale of investments 30,500 costs of good sold 1,350,000 loss on inventory write-down (obsolescence) 360,000 selling expense 460,000 general and administrative expense 230,000 interest expense 95,000 there were 400,000 shares of common stock outstanding throughout 2021. income tax expense has not yet been recorded. the income tax rate is 25%. required: a) prepare a single-step income statement for 2021, including eps disclosures. b) prepare a multiple-step income statement for 2021, including eps disclosures.

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The following is a partial trial balance for general lighting corporation as of december 31, 2021:...
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