Problem 4-1 The following information is related to Bonita Company for 2017 Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) Retained earnings balance, January 1, 2017 Sales Revenue BONITA COMPANY Income Statement $998,930 For the Yea End Decober 31, 2017 Cost of goods sold Interest revenue 26,200,400 16,284,300 79,100 Selling and 4,724,000 expenses Write off of goodvwill Income taxes for 2017 Gain on the sale of 837,700 1,361,400 113,200 Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock 395,300 451,900 95,340 226,000 Dividends declared on preferred stock 77,570 Bonita Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September iS, Bonita sold the wholesale operations to Ragers Company. During 2017, there were 513,300 shares of common stock outstanding all year