The accountant of Riverbed 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 Rent revenue Interest expense Market appreciation on land above cost Salaries and wages expense (selling) Supplies expense (selling Income tax Salaries and wages expense [administrative Other administrative expenses Cost of goods sold Net sales Depreciation on plant assets( 70% selling, 30% administrative) Cash dividends declared $30,400 19,400 32,400 116,200 19,000 38,800 137,300 53100 497,400 981,400 66,400 17,400 There were 21870 shares of common stockoutstanding during the year. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places,es 1.48.) RIVERBED SHOE CO. For the Year Ended December 31, 2017 # Net Sales 981400 Cost of Goods Sold 497400 Gross Profit/(Loss Operating Expenses Selling Expenses 484000 Salaries and Wages Exp 116200 Depreciation Expense Supplies Expenses Total Selline Expenses Administrative Expenses 46480 19000 181680 Salaries and Wages Exp Other Administrative E Depreciation Expense Total Administrative Expenses 137300 53100 19920 210320