please explain all calculations

E4-7 (L02,3,4) (Multiple-Step and Single-Step Statements) The accountant of Latifa Shoe Co. has piled the following information from the company's records as a basis for an income statement for the year ended December 31, 2017 Rent revenue $ 29,000 Interest expense 18,000 Market appreciation on land above cost 31,000- Salaries and wages expense (selling) -114.800 Supplies (selling) 17,600 Income tax 37.400 E4-7 (L02,3,4) (Multiple-Step and Single-Step Statements) The accountant of Latifa Shoe Co. has piled the following information from the company's records as a basis for an income statement for the year ended December 31, 2017 Rent revenue $ 29,000 Interest expense 18,000 Market appreciation on land above cost 31,000- Salaries and wages expense (selling) -114.800 Supplies (selling) 17,600 Income tax 37.400