Do not give image format The following table shows the balances from various accounts in the adjusted trial balance for UniLink Telecom Corp. as of December31, 2023:a. Interest incomeb. Depreciation expense, equipmentC. Loss on sale of office equipmentd. Accounts payablee. Other operating expensesf. Accumulated depreciation, equipmentg. Gain from settling a lawsuith. Cumulative effect of change in accounting principle (pre-tax)i. Accumulated depreciation, buildingsj. Loss from operating a discontinued operation (pre-tax)k. Gain on expropriation of land and building by government1. Salesm. Depreciation expense, buildingsn.O.Correction of overstatement of prior year's sales (pre-tax)Gain on sale of discontinued operation's assets (pre-tax)Loss from settling a lawsuitP.9.r.Income taxes expenseCost of goods sold$Debit89,00060,700236,60048, 100130,90037,30058,900?1,196,000$Credit30,100102, 100189,400103,400153,150405,40069,7002,394, 20080,500Required:1. Assuming that the company's income tax rate is 30%, what are the tax effects and after-tax measures of the items labelled as pre-tax? (Negative answers should be indicated by a minus sign.) Required:1. Assuming that the company's income tax rate is 30%, what are the tax effects and after-tax measures of the items labelled as pre-tax? (Negative answers should be indicated by a minus sign.)Cumulative effect of change in accounting principleLoss from operating a discontinued operationCorrection of overstatement of prior year's salesGain on sale of discontinued operation's assetsShow Transcribed TextOperating expenses:Pre-taxOther revenues and expenses:30%Tax Effect2. Prepare a multi-step income statement for the year ended December 31, 2023. (Amounts to be deducted should be indicated by aminus sign in the other revenues and expenses section and the discontinued operations section.)UNILINK TELECOM CORP.Income StatementFor Year Ended December 31, 20233After-TaxMeasure

Discontinued Operations refers to parts of a company's core business or product line that have been…

Required: 1. Assuming that the company's income tax rate is 30%, what are the tax effects and after-tax measures of the items labelled as pre- tax? (Negative answers should be indicated by a minus sign.) Cumulative effect of change in accounting principle Loss from operating a discontinued operation Correction of overstatement of prior year's sales Gain on sale of discontinued operation's assets Pre-tax 30% Tax Effect After-Tax Measure