78.900 Problem 4-1 (Part Level Submission) The following information is related to Skysong Company for 2017 Retained earnings balance, January 1, 2017 $987,000 Sales Revenue 26,290,000 Cost of goods sold 16,270,000 Interest revenue Selling and administrative expenses 4.742,000 Write-off of goodwill 827,000 Income taxes for 2017 1.394,000 Gain on the sale of Investments 118.400 Loss due to flood damage 195.000 Loss on the disposition of the wholesale division (net of tax) 450.000 Lomon operations of the wholesale division (net of tax) 01.700 Dividends decared on common stock 258,300 Dividends dedared on preferred stock 34,700 skrong company decided to drcontinue its entire wholesale operations (considered diconthued operation) and to retain its manufacturing operations on September is shyoong sold the wholesale operations to Rogers Company. During 2017, there were 401,200 shares of common stock outstanding all yeah (a ) (01) Your answer is partially correct. Try again. Prepare a multiple-step income statement. (Round earnings per Share to 2 decimal places, e.g. 1.49.) SKYSONG COMPANY Income Statement For the Quarter Ended December 31, 2017 Sales Revenue 26,290,000 Cost of Goods Sold