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prepare a multi step income statement for 2023

Presented below is information that relates to Ivanhoe Limited for 2023 : Additional information: 1. Early in 2023, Ivanhoe changed depreciation methods for its plant assets from the double-declining-balance to the straight: line method. The affected assets were purchased at the beginning of 2018 for $210,000, had no residual value, and had useful lives of 10 years. Depreciation expense of $16,800 is included in the selling and administrative expenses of $304,500. 2. On September 1,2023, Ivanhoe sold one of its segments (product line) to Best Industries for a gain (pre-tax) of $577,500, During the period January 1 to August 31, the discontinued segment incurred an ogerating loss (pre-tax) of $504,000. This loss is not included in any of the numbers shown above. 3. Included in selling and administrative expenses are credit losses of $19.950. Ivanhoe bases its credit losses upon a percentage of sales, In 2021 and 2022 , the percentage was 0.50% In 2023 , the percentage was changed to 1% In good form, prepare a multiple-step income statement for 2023. Aswume a 20% income tax rate and that 16.000 common shares were outstanding during the year. (Round eamingr per share onswers to 2 decimal ploces, es .5.75)

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