Exercise 4-17 (Part Level Submission) The following information was taken from the records of Pearl Inc. for the year 2017: Income tax applicable to income from continuing operations $217,974, income tax applicable to loss on discontinued operations $28,696, and unrealized holding gain on available for sale securities (net of tax) $22.000. $98,700 84,400 Gain on sale of equipment Loss on continued operations Administrative expenses Rent revenue Loss on write-down of inventory cash dividends declared Retained earnings January 1, 2017 Cost of goods sold Seling expenses Sales Revenue $156,200 565,500 782,900 324,200 1,904,400 63,300 Shares outstanding during 2017 were 109,100. (a) Your answer is partially correct. Try again. Prepare a single-step income statement. (Round earnings per Share to 2 decimal places, e.. PEARL INC Income Statement For the Year Ended December 31, 2017 26212500 16197500 1001500 Show All X MacBook Pro Q Search or type URL Cost of Goods Sold Income From Continuing Operations. Discontinued Operations Loss on Discontinued Operations Income from Operations : Income From Continuing Operations before Income Tax : Income from Continuing Operations Before Income Tax Discontinued Operations Other Expenses and losses MacBook Pro c a Search or type URL L ED LUSSO Income From Continuing Operations Before Income Tax Add Loss on Discontinued Operations Net Income (L ) Loss on Discontinued Operations, Net of Tax! Income From Continuing Operations Loss on Discontinued Operations. Net of Tax Net Income /(LS) OF ACCOUNTS LINK TO TEXT LINK TO TEXT Attemptsi 1 of Jused SAVE FOR LATER SUBMIT ANSWER (b) The parts of this question must be completed in order. The part will be available when you complete the part above Show Alx MacBook Pro Q Search or type URL