Armstrong Corporation's capital structure consists of 50,000 shares of common stock. At December 31, 2018 an analysis of the accounts and discussions with company officials revealed the following information: Sales revenue Discontinued operations loss (net of $1,250,000 63,000 tax) Selling expenses 128,000 Common stock 200,000 Cost of goods sold 700,000 Dividend revenue 8,000 Retained earnings, January 1, 2018 270,000 Interest expense 17,000 Administrative expenses 170,000 Tax Expense 72,900 Dividends declared 24,000 (a) Per the table above, prepare a multiple-step income statement using this excel template Exam Income Statement Problem Template Uploaded.xlsx (b) Based on the results of the income statement above, prepare a retained earnings statement. Template is included in the same excel document.