E4-9B (LO3,4,6) (Multiple-step Statement with Retained Earnings Statement) Presented below is information related to Trieu Corp. for the year 2017. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue $2,600,000 1,560,000 130,000 96,000 40,000 14,000 Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2016 Casualty loss Dividends declared Retained earnings at December 31, 2016 Effective tax rate of 34% on all items $ 160,000 110,000 100,000 90,000 1,960,000 Instructions (a) Prepare a multiple-step income statement for 2017. Assume that 60,000 shares of common stock are outstanding (b) Prepare a separate retained earnings statement for 2017