Presented below is information related to Concord Corp. for the year 2017.

Net sales		$1,305,900		Write-off of inventory due to obsolescence		$83,290
Cost of goods sold		781,300		Depreciation expense omitted by accident in 2016		48,700
Selling expenses		74,100		Casualty loss		48,000
Administrative expenses		57,500		Cash dividends declared		49,420
Dividend revenue		21,500		Retained earnings at December 31, 2016		972,830
Interest revenue		7,610		Effective tax rate of 34% on all items

List Of Accounts

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Accumulated Depreciation-Equipment Administrative Expenses Bad Debt Expense Casualty Loss Cost of Goods Sold Delivery Expense Depreciation Expense Dividend Revenue Entertainment Expense Equipment Gain on Disposal of Land Gain on Sale of Plant Income Tax Expense Interest Expense Interest Revenue Loss from Earthquake Damage Maintenance and Repairs Expense Miscellaneous Selling Expenses Mortgage Payable Net Sales Office Expense Other Administrative Expenses Property Tax Expense Rent Revenue Salaries and Wages Expense Salaries and Wages Payable Sales Commission Sales Discounts Sales Returns and Allowances Selling Expenses Supplies Supplies Expenses Telephone and Internet Expense Travel Expense

Prepare a multi step income Statement and A retained Earnings statement Using the List of Accounts above.