Below are selected accounts taken from the adjusted trial balance of Sherri's Designs on December 31, 2015:
Sherri’s Designs has 2,000 shares of common stock outstanding and net income per share for 2015 was $0.63. The income tax rate is 30%.
a.Prepare a single-step income statement.
b.Prepare a multiple-step income statement.

Question

Below are selected accounts taken from the adjusted trial balance of Sherri's Designs on December 31, 2015: 
Sherri’s Designs has 2,000 shares of common stock outstanding and net income per share for 2015 was $0.63. The income tax rate is 30%.
a.Prepare a single-step income statement.
b.Prepare a multiple-step income statement.

Below Are Selected Accounts Taken from the Adjusted Trial Balance