aus.com/courses/36420/assignments/4069479 Current Attempt in Progress # B Two accountants for the form of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2017 information related to Whispering Company ($000 omitted). $4.972 4,032 60,642 17,302 Administrative expense Officers' salaries Depreciation of office furniture and equipment Cost of goods sold Rent revenue Selling expense Delivery expense Sales commissions Depreciation of sales equipment Sales revenue Income tax Interest expense 2,762 8,052 6,552 96,572 9.142 1.932 Common shares outstanding for 2017 total 40,550 (000 omitted). Prepare an income statement for the year 2017 using the multiple-step form. (Round earnings per share to 2 decimal places, eg. 1.48.) 09:02 com/courses/36420/ mets/4060470 Prepare an income statement for the year 2017 using the multiple step form Round earnings per Share to 2 decimal ploos . 148.) WHISPERING COMPANY Income Statement For the Year Ended December 31, 2017 - (in thousands, except earnings per share) Cost of Good Gros Protos) Operating Expen Delivery Accu Dreation Event Town SWED s.comcourses/36420/assignment 40149 Salaries and Expense Derett acer