prepare a multi step income statement

NT Exercise 4-9 (Part Level Submission) Preserted belowr is irformation related to Ivan Calderon Corp. for the year 2017 Net sales Cost of goods seld $1,300, OCO Wrtrdofnventory due to obolescence $80,000 780,000 Depreciation expesse omtted by accident in 2016 55,000 50,000 45,000 950,000 iP eetl Selling expenses 65,000 Casualty loos Administrative expenses 48,000 Cash dividends dedared Dividend reverue Interest revenue 20,000 Retained earnings at December 31,2016 Effective tax rate of 34% on al items 7,000 r (a) Prepare a muple-stp income statement fer 2017. Assume that 60,00 shares of commen stod are cuttandng. (Round earnings per share to 2 decimal places IVAN CALDERON CORP Income Statement For the Year Ended December 31. 2017 Revenue Net Sales Cost of Goods Sold Total Revenues 1300000 780000) 520000 nistrative Expenses RESOURCES Ch-Peb 2 Selling Expenses Problen 44 (Part Level Review Review Results by Study Qblectice