Exercise 4-12 (Part Level Submission) 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 Depreciation of office furniture and equipment 3460 Sales commissions $3,900 Delivery $2.090 6.850 Depreciation of sales equipment 6,30 95.800 1.920 Cost of goods sold Rental revenue 58,020 14,410 Sales revenue Interest expense Common shares outstanding for 2017 total 30,590 (in thousands). Income tax for the year was $9.699. (a) Prepare an income statement for the year ended December 31, 2017, using the multiple-step format, showing expenses by function. Include calculation of Eps. (List Selling Expenses before Administrative Expenses. Round per share answer to 2 decimal places, o.g. 52.75.)