The following accounts are for XYZ Company on December 31, 2017. Prepare a multi-step income statement for the year ended December 31.

Sales	SAR615,000
Administrative expense	28,400
Prepaid expense	11,000
Selling expenses	42,000
Accounts receivable	25,000
Gain on sale of land	8,000
Dividends paid	22,000
Unearned revenue	6,000
Research & development expense	84,000
Gain from early repayment of debt	30,000
Issuance of common stock	150,000
Accrued expenses	17,000
Cost of goods sold	252,900
Interest expense	12,500
Rent income	7,000
Unusual Loss	14,000