Accounting, Analysis, and Principles (Part Level Submission) PronghornInc. provided the following information for the year 2017. Retained earnings, January 1, 2017 Administrative expenses Selling expenses Sales revenue Cash dividends declared Cost of goods sold Loss on discontinued operations Rent revenue Unrealized holding gain on available-for-sale securities Income tax applicable to continuing operations Income tax benefit applicable to loss on discontinued operations Income tax applicable to unrealized holding gain on available-for-sale securities $570,900 248,700 304,800 1,937,000 82,500 818,400 77,300 40,900 16,300 187,500 42,515 2,000 (a1) Prepare a single-step income statement for 2017. Shares ou Collapse question part were 100,000. (Round earnings per share to 2 dec PRONGHORN, INC. Income Statement For the Year Ended December 31, 2017