Need a help to solve the problem multiple step and single step statements. The accountant of Latifa Shoe Co. has piled the following information

Instructions Prepare a multiple-step income statement; 100,0o0 shares of common stock were outstanding during the year E4-7 (LO2,3,4) (Multiple-Step and Single-Step Statements) The accountant of Latifa Shoe Co. has piled the following informati from the company's records as a basis for an income statement for the year ended December 31, 2017. Rent revenue Interest expense Market appreciation on land above cost Salaries and wages expense (selling) Supplies (selling) Income tax Salaries and wages expense (administrative Other administrative expenses Cost of goods sold Net sales Depreciation on plant assets (70% selling, 30% administrative) Cash dividends declared $29,000 18,000 31,000 114,800 17,600 37400 $135.900 51,700 496,000 980,000 65,000 16,000 There were 20,000 shares of common stock outstanding during the year