PENTER VERSION Problem 4-4 (Part Level Submission) The following account balances were included in the trial balance of Teal Corporation at June 30, 2017 Sales revenue $1,594,320 Depreciation expense (office furniture and equipment) Sales discounts 32,400 Property tax expense Cost of goods sold 906,600 Bad debt expense (selling) Salaries and wages expense (sales) 57,560 Maintenance and repairs expense (administration) Sales commissions 99.250 Office expense Travel expense (salespersons) 34.000 Sales returns and allowances Delivery expense 22,840 Dividends received Entertainment expense 15,000 Interest expense Telephone and Internet expense (sales) 9,150 Income tax expense Depreciation expense (sales equipment) 5,251 Depreciation understatement due to error-2014 (net of tax) Maintenance and repairs expense (sales) 5,702 Dividends declared on preferred stock Miscellaneous selling expenses 4,605 Dividends declared on common stock Office supplies used 3.287 Telephone and Internet expense (administration) 2.703 The Retained Earnings account had a balance of $332,700 at July 1, 2016. There are 75,210 shares of common stock outstanding. $7213 7,949 5,170 8.340 5.520 65,164 40.670 16.990 94,080 19,148 9,030 36,450 (1) Using the multiple step form, prepare an income statement for the year ended une 30, 2017. (Hound earnings per share to 2 decimal places, ep. 1.4.) TEAL CORPORATION Income Statement Using the multiple-step form, prepare an income statement for the year ended June 30, 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.) TEAL CORPORATION Income Statement SHOW LIST OF ACCOUNTS UN TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Attemate of weed VERORLAR