Chapter 4, Problem 4.2BE

To determine

Income statement:

This is a financial statement that shows the net income earned or net loss suffered by a company through reporting all the revenues earned and expenses incurred by the company over a specific period of time. An income statement is also known as an operations statement, an earnings statement, a revenue statement, or a profit and loss statement. The net income is the excess of revenue over expenses.

Multistep Income Statement:

It is a type of financial statements in which net income is derived through a series of steps or subtotals.

To compute:  the Operating income and Non-operating income.