The following data for the current year ended June 30 are from the accounting records of Zanadu Co.: Prepare a multiple-step income statement for the year ended June 30.

Multiple-Step Income Statement

A multiple-step income statement is a detailed financial statement that separates operating revenues and expenses from non-operating ones, providing a thorough insight into a company's financial activities.

Accounting Records

Documented evidence of a business's financial transactions, used for tracking and reporting purposes.

Current Year

The ongoing calendar year or fiscal year in which a business is operating.