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4 A B C Problem #6-Multi-Step Income Statement 2 instructions: Prepare a multiple-step Income Statement in good form for the year ended December 31, 2015 including an Earnings per share section Assume a 30% tax rate and 110,000 shares of outstanding common stock. The compa ny is located in the State of Michigan. Here is a selection of financial information related to 4 Michigan Products, Inc: $150,000 Cash dividends declared on common stock Cost of Goods Sold Gain resulting from the Correction of an Error in Depreciation Expense from 2012 Other rent revenues 850,000 $375,000 $150,000 $20,000 25,000 $50,000 $590,000 1,600,000 250,000 $300,000 Interest expense 1Loss from discontinued operations (pre-tax) Loss from disposal of discontinued plant facilty (pre-tax) Retained Earnings, December 31,2015 Sales Volcano loss to plant facility (pre-tax) 5 Selling and administrative expenses \ Cover Sheet -Problem #1 Problem #2 | Problem #3 | Problem a4 | Problem #S | Problem e6