ABC Corporation
December 31, 2017
Account Title	Debit	Credit
Sales revenue		2,480,000
Interest revenue		35,000
Dividend revenue		15,000
Restructure Costs	750,000
Rent expense	150,000
Cost of Goods Sold	992,000
Interest expense	10,000
Sales Commissions	5,000
Salaries expense	25,000
Marketing /Selling expense	110,000
Depreciation expense	50,000
Gain on the sale of equipment		9,000
Impairment of Goodwill	12,000
Loss from write-off of inventories	4,000
Loss from major earthquake damage (both unusual and infrequent)	112,500
Unrealized Gain on Securities Held for Resale	5,000
Loss on Foreign Currency Translation	1,000
Tax Rate 40%
Income from Discontinuing Operations is $95,000	95,000
Loss on disposal of Discontinued Operation is $150,000	(150,000)
Error in Depreciation Expense for 2009 - understated by $25,000
200,000 shares of common stock were outstanding throughout the year
Prepare a Multiple-Step Income Statement and EPS