$1,303,600 Tempe Corporation's capital structure consists of 75,000 shares of common stock. The December 31, 2016 account balances are listed below. All adjusting entries have been made except for the accrual of taxes (20% tax rate). Sales au Purchase discounts 18,000 home Purchases 642,000 speg Loss on Discontinued Operationspars ish 60,000 sa loobben Selling expenses obnido bloger 128,000 food Cash laselor 60,000 sebe Accounts receivable sbsp Tuo 10 sadliw ng Common stock 200,000 Accumulated depreciation 198,000 Dividend revenue 8,000 Inventory, January 1, 2016 152,000 Unearned service revenue 4,400 Accrued interest payable 1,000 Land 370,000 Patents 100,000 Retained earnings, January 1, 2016 290,000 Interest expense 17,000 General and administrative expenses 150,000 Dividends declared 29,000 Allowance for doubtful accounts 5.000 Notes payable (maturity 7/1/20) 200,000 Machinery and equipment 450,000 Office Supplies 40,000 Accounts payable 60,000 Ending Inventory at December 31, 2016 was $125,000. Required a) Prepare a 2016 multi-step income statement, include EPS. Refer to the Cabrera (Illustration 4-2) and Poquito (Illustration 4-8) Company examples in Chapter 4 of the text for format suggestions (Also, refer to Illustration 4-10). Many items in these format examples are not applicable to this homework problem. Prepare a 2016 retained earnings statement. Refer to the Stricker example (illustration 4-19) in Chapter 4 of the text for format suggestions. No corrections of prior periods exist. Prepare a 12/31/16 balance sheet. Refer to the Scientific Products (Illustration 5-16) example in Chapter 5 of the text for format suggestions. Many items in this example are not applicable to this homework problem. CUsershook Downloads ACC_301_HW1_PROB_X_2-2.docx 12/18/2018 1. Discussions with fellow students encouraged. 2. Word-processed answer must be created by each student individually. 10 3. In the upper right corner of page one, indicate: 05 OTOSTE Name Course eel Assignment #00.81 Page #of # 000. Sa 292sro 4. On additional pages, indicate name and page # of # in the upper right corner. 5. Do not use a separate cover sheet, folder, or binder. 20 neqxe grill 6. Use a standard paper clip, do not use a staple. 7. Organization and presentation will be a factor in your grade determination.com oole nom noitsiegeb beislumu 0008 Savonne