Net sales	1,950,000
Cost of goods Sold	1,200,000
Selling expenses	95,000
Adminisrative expenses	70,000
Dividend revenue	30,000
Interest expenses	45,000
Write-off of goodwill due to impairment	75,000
Depreciation expense omitted in 2015	105,000
Dividends declared	120,000
Effect on prior years of change in accounting principal(credit)	220,000
Loss from operations of discontinued comonet of business	240,000
Gain from disposal of component of businesss	300,000
Interest Revenue	20,000
Federal tax rate of 30% on all items

Presented is information related to Midway Corp. for the year 2017

Prepare a multiple-step income for 2017. Assume the 200,000 shares of common stock were outstanding during 2017.