FULL SCRELN PRINTER VERSION BACX Exercise46 The following balances were taken from the books of Flint Corp. on December 31, 2017 Interest revenue Cash Sales revenue Accounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accougts Sales discounts Land Equipment Buildings Cost of goods sold $87,150 Accumulated depreciation-equipment $41,150 29,150 156,150 195,150 171,150 101,150 98,150 33,150 61,150 101,150 151,150 501,150 22,150 52,150 1,381,150 Accumulated depreciation-buildings Notes receivable 51,150 Selling expenses 21,150 151,150 Accounts payable Bonds payable Administrative and general expenses 8,150 46,150 Accrued liabilities 101,150 Interest expense 201,150 Notes payable 141,150 Loss from earthquake damage 622,150 Common stock Retained earnings Assume te total effective tax rate on all items is 34%. Prepare a multiple step income statement; 100,000 shares of common stock were outstanding during the year.(Round earnings per share to 2 decimal places, e.9. 1.48.) LINT CORP Income Statement