1.prepare an income statement for the year 2017 using the multiple-step form

2.prepare an income statement for the year 2017 using the single-step form

ment NEX CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Exercise 4-5 Two accountants for the firm of Elw Company ($000 omitted). Administrative expense es and Wright are arguing about the merits of presenting an income statement in a single-step format. The discussion involves the following 2017 information related to Riverbed $5,211 4,271 60,881 17,541 Officers' salaries Depreciation of office furniture and equipment Cost of goods sold Rent revenue Selling expense Delivery expense 3,001 8,291 6,791 96,811 9,381 2,171 Sales commissions Depreciation of sales equipment Sales revenue Income tax Interest expense Common shares outstanding for 2017 total 40,550 (000 omitted). Your answer is partially correct. Try again