1. Brief Exercise 4-1 Sunland Co. had sales revenue of $546,500 in 2017. Other items recorded during the year were: Cost of goods sold Salaries and wages expense Income tax expense Increase in value of company reputation Other operating expenses Unrealized gain on value of patents $327,400 127,700 28,410 15,410 13,860 21,680 Prepare a single-step income statement for Sunland for 2017. Sunland has 106,400 shares of stock outstanding. (Round earnings per share to 2 decimal places, e.g. 1.48) SUNLAND co. Income Statement