Presented below is information related to Blue Corp. for the year 2017. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue $1,399,200 781,100 69,800 57,100 27,000 7,620 Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2016 Casualty loss Cash dividends declared Retained earnings at December 31, 2016 Effective tax rate of 34% on all items $81,090 44,900 49,600 45,530 935,010 Prepare a multiple-step income statement for 2017. Assume that 65,190 shares of common stock are outstanding. (Rou. e.g. 1.49.) BLUE CORP. Income Statement