financial accounting:

The following accounts are for XYZ Company on December 31, 2017. Prepare a multi-step income statement for the year ended December 31. (2.5 marks) Sales Administrative expense SAR615,000 28,400 Prepaid expense Selling expenses Accounts receivable Gain on sale of land Dividends paid Unearned revenue Research & development expense Gain from early repayment of debt Issuance of common stock Accrued expenses Cost of goods sold Interest expense Rent income Unusual Loss 11,000 42,000 25,000 8,000 22,000 6,000 84,000 30,000 150,000 17,000 252,900 12,500 7,000 14,000