Nonban Puppets Corp. needs help creating its multiple-step income statement, a statement of stockholders' equity, and closing entries for the year ending December 31, 2017. On the following page is a portion of Nonban's Adjusted Trial Balance as of December 31, 2017. Additional information about the firm's activities during the year are as follows: 1. Nonban operates under a 30% tax rate. 2 Nonban started the year with 25,000 shares of $2 par value common stock and a beginning balance in APIC-Common of $292,500. On January 1, 2017, the company issued an additional 98,000 shares of common stock for $9. per share. 3. EPS should be calculated based on the number of common shares on hand after the new stock is issued on January 1, 2017. INSTRUCTIONS: a. Prepare a properly formatted and labeled multiple step income statement and statement of stockholders' equity for Nonban for the year ended December 31, 2017. b. Prepare the entire set of closing entries for Nonban for the year ended December 31, 2017. NOTE: To complete the closing entries, you will need to calculate and close out the balance for Income Tax Expense, an account that is not included in the trial balance. There is no need for a journal entry for this amount