Presented below is information related to Oriole Corp. for the year 2017. Net sales Cost of goods sold Selling expenses $1,356,900 $83,430 789,400 Depreciation expense omitted by accident in 2016 4,500 45,100 47,040 997,900 Write-off of inventory due to obsolescence 65,900Casualty loss 57,000 Cash dividends declared 27,700Retained earnings at December 31, 2016 tud Administrative expenses Dividend revenue Interest revenue 8,350 Effective tax rate of 34% on all items Prepare a multiple-step income statement for 2017. Assume that 65,950 shares of common stock are outstanding. (Round earnings per share to 2 decimal places, e.g. 1.49) ORIOLE CORP Income Statement