1.) Prepare a multistep income statement for Sterner Corporation for the year ending December 31, 2017 The tax rate for Sterner Corporation is 30%. Omit earnings per share. The following information is available Net Sales $900,00 180,00 erating Expenses Income from Discontinued Operations (before ?? Loss on Sale of Patent 50,0 15,0 580,0 100 ost of Goods Sold Interest Expense 2.) Scheeler Company has the following comparative balance sheet data available 12/31/2018 12/31/2017 $30,0 160,0 100,00 20,0 $310,00 $400,0 (60,000 $80,0 100,0 ash ccounts Receivable, net Inventor Prepaid Rent Total Current Assets Equipment 70,00 100 $260,0 $200,00 50,000 ccumulated Depreciation otal Assets $50,0 $40,0 40,00 50,0 100,00 ccounts Pavable Salaries Payable Bonds Payable 40,00 ommon Stock, $10 par dditional Paid-in Capital 300,0 50,0 210,0 180,0 Retained Earnings Total Liabilities & Stockholders' ul