Exercise 4-9 Presented below is information related to Indigo Corp. for the year 2017. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue $83,400 784,000 Depreciation expense omitted by accident in 2016 48,600 50,800 42,440 1,035,300 $1,321,200 Write-off of inventory due to obsolescence 71,300 57,600 22,400 8,300 Casualty loss Cash dividends declared Retained earnings at December 31, 2016 Effective tax rate of 34% on all items Prepare a multiple-step income statement for 2017. Assume that 58,190 shares of common stock are outstanding INDIGO CORP Income Statement re a separate retained earnings statement for 2017. (List items that increase adjus INDIGO CORP Retained Earnings Statement