Exercise 4-7 (Part Level Submission) The accountant of Shamrock Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2017. Rent revenue Interest expense Market appreciation on land above cost Salaries and wages expense (selling) Supplies expense (selling) Income tax Salaries and wages expense (administrative) Other administrative expenses Cost of goods sold Net sales Depreciation on plant assets (70% selling, 30% administrative) Cash dividends declared $31,300 20,300 33,300 117,100 19,900 39,700 138,200 54,000 498,300 982,300 67,300 18,300 There were 21,370 shares of common stock outstanding during the year. (a) Your answer is partially correct. Try again. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.) SHAMROCK SHOE CO. Tom Satamant