Note: This homework assignment accounts for 5 points. No point will be given if it is incomplete or past due. In addition, no point will be given if most of your work is incorrect or the format is not followed. Points will be deducted if part of the statement is not correctly prepared. Presented below is information related to Brothers Co. for the calendar year of 2018. $690,000 495,000 3,670,000 280,000 1,456,000 Interest revenue Selling expenses Sales revenue Income from operations of discontinued electronic division (pre-tax... Cost of goods sold Loss on disposal of discontinued electronic division (pre-tax). Dividends-Common stock Retained earnings, 1/1 Dividends-Preferred stock Interest expense. . Administrative expenses L I UCHU.................................. . ..... . ............... .. . ............. 630,000 185,000 795,000 375,000 Instructions: Prepare in good form a multiple-step income statement for the year of 2018 for Brothers Co. Assume a 30% tax rate and that 140,000 shares of common stock were outstanding during the year. Include an appropriate heading for the statement. All subtotals should be titled appropriately. Also determine earnings per share based on the net income figure at the bottom of the statement (round to two decimals). Please note, the items given above are in scrambled order and not all items should be reported on an income statement. Illustration 4-9 (the one with EPS on it) on the slide provides a good example of income statement. Please study the example before you do the assignment. Clear writing is required