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Two pictures are for the same exercise. a multiple step income statement and a retained...

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Accounting

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Two pictures are for the same exercise. a multiple step income statement and a retained earnings statement. Thank you.

Presented below is information related to Ayayai Corp, for the year 2017. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue $1,399,200 781,100 69,800 57,100 27,000 7,620 Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2016 Casualty loss Cash dividends declared Retained earnings at December 31, 2016 Effective tax rate of 34% on all items $81,090 44,900 49,600 45,530 935,010 Prepare a multiple-step income statement for 2017. Assume that 65, 190 shares of common stock are outstanding. (Round earning share to 2 decimal places, e.g. 1.49.)

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