E4-12 (LO 6,8) Multiple-Step and Single-Step Two accountants. Yuan Tsui and Sergio Aragon, are arguing about the merits of presenting an income statement in the multiple-step versus the single-step format. The discussion involves the following 2017 information for P. Bride Company (in thousands): Administrative expenses Selling expenses Officers' salaries $4,900 Delivery $2,690 Depreciation of office furniture and equipment 3,960 Sales Commissions 7,980 Cost of goods sold 60,570 Depreciation of sales equipment 6,480 Rental Revenue 17.230 Sales revenue 96,500 Interest expense 1.860 Common shares outstanding for 2017 total 30,550 . Income tax for the year was $9,070. Instructions (a) Prepare an income statement for the year ended December 31, 2017, using the multiple-step format. Include calculation of EPS. Multiple-Step Format P. Bride Company Income Statement For the Year Ended December 31, 2017 (in thousands. except earnings per share)