prepare a multiple-step income statement

4 Homework Exercise Question 4 of 5 -12 View Policies Current Attempt in Progress $1,500,000 878,000 32,000 The following information is available for Skysong Inc. for the year ended December 31, 2017: Loss on discontinued operations $70,000 Retained earnings January 1, 2017 Rent revenue 91.000 Selling expenses Income tax applicable to continuing Income tax applicable to lbss on discontinued 292,000 operations operations Administrative expenses 504,000 Cost of goods sold Loss on write-down of inventory 45,000 Sales revenue Gain on sale of equipment 30.000 Cash dividends declared Unrealized gain on available for sale 35,000 Interest expense securities 1.674,000 3,725,000 218,000 52.000 200.000 shares were outstanding during all of 2017. (a) Prepare a multiple-step income statement (Round earnings per share to 2 decimal places eg. 145.) CH4 Homework Exercise Question 4 of 5 -12 Prepare a multiple-step income statement. (Round carings per share to 2 decimal places es. 1.450 Skysong Inc. Income Statement For the Year Ended December 31, 2017 Sales Revenue $ Cost of Goods Sold Gross Profit Operating Expenses $ 6 Ch 4: Homework Exercise Question 4 of 5 -/2 11! Operating Expenses Ch 4: Homework Exercise Question 4 of 5 > -/2