Problem 2 The accountant of Tabel Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2017 2 Rental revenue Interest on notes payable Market appreciation on land above cost Wages and salaries-sales Materials and supplies-sales Income tax Wages and salaries-administrative Other administrative expenses Cost of goods sold Net sales Depreciation on plant assets (70% selling, 30% administrative) Dividends declared $87,000 54,000 93,000 344,400 52,800 112,200 407,700 155,100 1,488,000 2,940,000 195,000 4 48,000 There were 20,000 shares of common stock outstanding during the year. nstructions: o Prepre a multipl step income statement. (lo) prepare a sirga-Step