Grouper Corporation had net sales of $2,427,000 and interest revenue of $31,500 during 2017. Expenses for 2017 were cost of goods sold $1,461,400, administrative expenses $212,500, selling expenses $296,600, and interest expense $50,800. Groupers tax rate is 30%. The corporation had 104,800 shares of common stock authorized and 73,590 shares issued and outstanding during 2017. Prepare a condensed multiple-step income statement for Grouper Corporation