Prepare a multiple-step income statement

Exercise 4-17 The following information was taken from the records of Pina Inc. for the year 2017: Income tax applicable to income from continuing operations $132,906; Income tax applicable to loss on discontinued operations $26,588, and unrealized holding gain on available-for-sale securities (net of tax) $21,300. Gain on sale of equipment $97,200 Cash dividends declared $155,200 Loss on discontinued operations 78,200 Retained earnings January 1, 2017 644,700 Administrative expenses 247,800 Cost of goods sold 637,100 Rent revenue 46,000 Selling expenses 302,100 Loss on write-down of inventory 64,200 Sales Revenue 1,718,900 Shares outstanding during 2017 were 105,200. Prepare a multiple-step Income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.) PINA INC. Income Statement For the Year Ended December 31, 2017 Sales Revenue . Rent Revenue Total Revenues Cost of Goods Sold Administrative Expenses X 1 W P JE 18 MacBook AS 3 4 % 5 6 & 7 8 PINA INC. Income Statement For the Year Ended December 31, 2017 Sales Revenue Rent Revenue Total Revenues Cost of Goods Sold Administrative Expenses . . . . > + HA W 06 4 MacBook " SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a comprehensive income statement for 2017, using the two statement format. PENA INC Comprehensive Income Statement For the Year Ended December 31, 2017 . Net Income / (Loss) 1 MO O A