Exercise 4-5 Two accountants for the firm of EI es and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2017 information related to Sage Company ($000 omitted) Administrative expense Officers' salaries $5,297 Deprediation of office furniture and equipment 4,357 60,967 17,627 Cost of goods sold Rent revenue Selling expense 3,087 8,377 6,877 96,897 9,467 2,257 Delivery expense Sales commissions Depreciation of sales equipment Sales revenue Income tax Interest expense Common shares outstanding for 2017 total 40,550 (000 omitted) Prepare an income statement for the year 2017 using the multiple-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.)