Multiple Step 6talemant toith Retoined Eaming Stadements) Presetred belars is infosmehion selatel to Van Galdetiom Cop os the yeer 2o17 Net Sale Cost of Good sold 80,000 Belling experses Administiahre expenses Dinidenel tevenu therest revenue 300, 65,0c0 20,000 1000 ite-off of inventoty due to obsnlescence 80,000 peciation expensc onmited by acidet55,000 45,000 98D, Cash dhividends dechred Retained Eaminga Debet 3,20 EFedive toulatedBlon all dens, Instsuctions:_ a) Prepare a mlulhiple shep income statement for 2ol. Assume thad p hares of comman sock are Dutstandhiny Fo the entre year Prefaie a ppade Jetoineel Farning etahement For 2017