The following information was taken from the records of the Gallon Company for the year ended December 31, 20X4. There were no beginning or ending inventories. 
Prepare an income statement for the year ended December 31, 20X4 using both the absorption approach and the contribution approach.
Definitions:
Personality Development
Refers to the pattern of thoughts, feelings, social adjustments, and behaviors consistently exhibited over time that strongly influences one's expectations, self-perceptions, values, and attitudes.
Unconditional Positive Regard
A concept in client-centered therapy where the therapist accepts and supports the client without judgment or conditions.
Rollo May
An American existential psychologist known for his works on the existential theory and the human condition.
Personality Reflects
The idea that an individual's personality is expressed through their behaviors, attitudes, and emotional responses.
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