aPadebook ORION Downloadable eTextbook ent CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN Question 1 The following information was taken from the records of Stellar Inc. for the year 2017: Income tax applicable to income from continuing operations $243,338; income tax applicabie to loss on discontinued operations $28,900, and unrealized holding gain on available-for-sale securities (net of tax) $24,600 Gain on sale of equipment Cash dividends declared Retained earnings January 1, 2017 $95,300 Loss on discontinued operations5,000 Administrative expenses Rent revenue Loss on write-down of inventory 240,100 Cost of goods sold 43,400 Selling expenses 67,700 Sales Revenue $162,200 651,900 784,300 320,100 1,989,200 Shares outstanding during 2017 were 96,000 (a) prepare a single-step income statement. (Round earnings per share to 2 decimal places, 1.48.) STELLAR INC Statement