CAL Practice Exercise 4-5 (Part Level Submission) The following information is available for Teal Mountain Inc. for the year ended December 31, 2017: Loss on discontinued operations Rent revenue $81,000 Retained earnings January 1, 2017 $1,280,000 877,000 27,000 1,628,000 3,755,000 216,000 64,000 95,000Selling expenses Income tax applicable to continulng operations 299,000 Income tax applicable to los Income tax applicable to loss on discontinued operations 502,000Cost of goods sold Administrative expenses Loss on write-down of inventory Gain on sale of equipment Unrealized gain on available-for-sale securities 35,000 200,000 shares were outstanding during all of 2017. 1,000Sales revenue 40,000Cash dividends declared Interest expense Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.45.) Teal Mountain Inc