CALCULATOR Question 1 The following information is available for Kingbird Inc, for the year ended December 31, 2017 Loss on discontinued operations Rent revenue Income tax applicable to continuing operations Administrative expenses Loss on write-down of inventory Gain on sale of equipment Unrealized gain on available-for-sale securities $79,000 86,000 302.000 519,000 43,000 40,000 25,000 Retained earnings January 1, 2017 Selling expenses Income tax applicable to loss on discontinued operations Cost of goods sold Sales revenue Cash dividends declared Interest expense $1,480,000 872,000 30,000 1,648,000 3,720,000 228,000 57,000 200,000 shares were outstanding during all of 2017. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, eg. 5.4.) Kingbird Inc. Income Statement > >