gexpenses Sales revevue 850,000 300,000 1,900,000 60,000 bustanding during 2017 were 100,000. Instructions (a) Prepare a single-step income statement. (b) Prepare a comprehensive income statement for 2017, using the two statement format. (c) Prepare a retained earnings statement for 2017. PROBLEMS P4-1 (LO3,4,6) (Multiple-Step Statement, Retained Earnings Statement) The following information is related to Dickin son Company for 2017. Retained earings balance, January 1, 2017 Sales revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2017 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) $ 980,000 25,000,000 16,000,000 70,000 4700,000 820,000 1,244,000 110,000 390,000 440,000 90,000 Dividends declared on preferred stock 80,000 Dickinson Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Dickinson sold the wholesale operations to were 500,000 shares of common stock outstanding all year Rogers Company. During 2017, there Instructions Prepare multiple-step income statement and a retained earnings statement a i P4-2 (L03,4,6) EXCEL (Single-Step Statement, Retained Earnings Statement, Periodic Inventory) Presented below is the trial balance of Thompson Corporation at December 31, 2017. THOMPSON CORPORATION TRIAL BALANCE