Income statement information for Bridgeport Tire Repair Corporation for the year 2017 follows:

General and administrative expenses:					Freight-in			$13,000
	Salaries and wages expense		$36,900		Purchase discounts			10,000
	Depreciation expensebuilding		28,500		Dividend revenue			20,000
	Office supplies expense		9,600		Inventory (beginning)			114,000
Inventory (ending)			140,000		Sales returns and allowances			18,000
Lossother (due to flood damage)			52,000		Service expenses:
Gain on the sale of equipment			5,600			Salaries and wages		72,000
Purchases			570,000			Depreciation expensegarage equipment		18,000
Sales revenue			960,000			Garage supplies expense		9,000
Interest expense			9,000

The effective tax rate on all income is 33%, and Bridgeport applies ASPE.

Prepare a multi step income state.