Concord Co. had sales revenue of $546,900 in 2017. Other items recorded during the year were: Cost of goods sold Salaries and wages expense Income tax expense Increase in value of company reputation Other operating expenses Unrealized gain on value of patents $320,700 121,500 28,270 15,480 10,860 20,270 Prepare a single-step income statement for Concord for 2017. Concord has 104,100 shares of stock outstanding. (Round earnings per share to 2 decimal places, e.g 1.48.) CONCORD CO. Income Statement For the Year Ended December 31, 2017 Revenues Sales Revenue Cost of Goods Sold 320700 Salarles and Wages Expense Other Operating Expenses Income Tax Expense Total Expenses Net Income/ (Loss) Earnings Per Share