TASK#3 - Multiple-step income statement. Presented below is information related to Farr Company. Retained earnings, December 31, 2017 Sales revenue Selling and administrative expenses Unearned revenue Discontinued operations loss (pre-tax) Cash dividends declared on common stock Cost of goods sold Cash Gain resulting from computation error on depreciation charge in 2016 (pre-tax) Other revenue Other expenses 5650 1.600.000 290,000 70.00 290.000 33,600 880.00 630.000 520.00 120.000 100,000 Instructions Assume a 30% tax rate and that 80,000 shares of common stock were outstanding during the year. A. Prepare in good form a multiple-step income statement for the year 2018 B. Prepare the required closing entries for the year 2018. C. Prepare a retained earnings statement for the year 2018