Big Red Inc.has the below balances (Year Ending: Dec.31,2010).Using the below accounts and amounts,create a multi-step income statement (Tax Rate = 20%).Big Red had 100,000 shares authorized,50,000 issued and 40,000 outstanding all year long.

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The Answer of Big Red Inc.has the below balances (Year Ending: Dec.31,2010).Using the below accounts and amounts,create a multi-step income statement (Tax Rate = 20%).Big Red had 100,000 shares authorized,50,000 issued and 40,000 outstanding all year long.