prepare a multiple-step income statementround earnings per share to 2 decimal placese.g.1.45.

$1,320,000 875,000 33,000 Question 1 The following information is available for Tamarisk Inc. for the year ended December 31, 2017: Loss on discontinued operations $74,000 Retained earnings January 1, 2017 Rent revenue 99,000 Selling expenses Income tax applicable to continuing 290,000 Income tax applicable to loss on discontinued operations operations Administrative expenses 504,000 Cost of goods sold Loss on write-down of inventory 39,000 Sales revenue Gain on sale of equipment 31,000 Cash dividends declared Unrealized gain on available-for-sale 30,000 Interest expense securities 200,000 shares were outstanding during all of 2017. 1,666,000 3,795,000 229,000 62,000 Tamarisk Inc. Income Statement