please include all required information in the income statement

Problem 2 (10 points) The following pretax amounts were obtained from the financial records of Wayne Company for 2018: Debit Credit 847,000 1,500,000 380,000 Retained earnings (1/1/18) Sales revenues Rent revenue Cost of goods sold Selling and administrative expenses Depreciation expense Loss on change in accounting principal Loss on sale of plant assets Dividends declared 475,000 259,000 250,000 202,000 105,000 460,000 The company's tax rate is 35 percent Required: Use the above information to prepare a complete, detailed income statement (using the format from Figure 13-3 in the textbook). You do not need to include Earnings Per Share in your income statement. Problem 2 (10 points) The following pretax amounts were obtained from the financial records of Wayne Company for 2018: Debit Credit 847,000 1,500,000 380,000 Retained earnings (1/1/18) Sales revenues Rent revenue Cost of goods sold Selling and administrative expenses Depreciation expense Loss on change in accounting principal Loss on sale of plant assets Dividends declared 475,000 259,000 250,000 202,000 105,000 460,000 The company's tax rate is 35 percent Required: Use the above information to prepare a complete, detailed income statement (using the format from Figure 13-3 in the textbook). You do not need to include Earnings Per Share in your income statement