Presented below is information related to McDonald Corp, for the year 2017 Required: Prepare a multiple-step Income Statement and Statement of Retained E for 2017 in good form (with headings). Assume the 300,000 shares of common stock were outstanding during 2017 Administrative Expenses Cost of Goods Sold Depreciation Expense overstated in 2015RE Dividend revenueonor Revenes ano Gains Dividends Declared Effect on prior years of Change in Accounting Principle (credit) RE Gain from sale of land in discontinued component Interest Expense- Interest Revenue?otwor rev an? a ains Loss from operations in discontinued component of business Retained Earnings, 1/1/17 Sales Discounts Sales Return & Allowances Sales Revenue Selling Expenses Write-off of Goodwill due to Impairment Other 70,000 1,200,000 105,000 30,000 120,000 220,000 300,000 45,000 20,000 240,000 460,000 12,000 50,000 1,950,000 95,000 75,000 Federal tax rate of 20% on all items RE. Bxe Net Inome Dvidandu