please use multiple- step income statement.

Note: This homework assignment accounts for 5 points. No point will be given if it is incomplete or t due. In addition, no point will be given if most of your work is incorrect or the format is not followed One or mo re points will be deducted if part of the statement is not correctly prepared Presented below is information related to FishJam Co. for year of 2017 (1/1/2017-12/31/2017). Income from operations of discontinued food departiment (pre-tax) Selling and administrative expenses Net Sales Dividends-Common stock Interest revenues Loss on disposal of discontinued food department (pre-tax) Cost of goods sold Dividends-Preferred stock S 60,000 640,000 140,000 3,560,000 56,000 260,000 170,000 2,380.000 40,000 Instructions Prepare in good form a multiple-step income statement for t and that 300,000 shares of common stock were outstanding during the year. Include an appropriate heading f the statement. All subtotals should be titled appropriately. Also income figure at the bottom of the statement (round to two decimals). That is, you don't need to show per share information for different components. Please note, the items given above are in scrambled order and not all items should be reported on an income statement. Ilustration 4-19 on textbook provides a good example of income statement. Please study the example before you do the assignment. he year 2017 for FishJam Co. Assume a 30% tax rate or determine eamings per share based on the net Clear writing is required