The following are selected ledger accounts of Sheffield Corporation at December 31, 2017 Cash 5188,000 Entertaiment expense Inventory (as of Jan 1, 2017) 532,000 Office expense Sales revenue 4,223,000 Insurance expense Unearned revenue 123,000 Advertising expense Purchases 2.726,000 Freight out Sales discounts 35,000 Depreciation of office equipment Purchase discounts 28,000 Depreciation of sales equipment Salaries and wages (sales) 281,000 Telephone and Internet expense (sales) Salaries and wages (administrative) 346,000 Utilities expense (administrative) Purchase returns and allowances 17,000 Miscellaneous expense Sales returns and allowances 81,000 Rental revenue Freight in 74,000 Loss on disposal of equipment Accounts receivable 141,400 Interest expense Sales commission expense 83.500 Common shares $70,000 34,100 24,700 50,400 95.600 45.000 34,700 17,600 30,700 6,000 240,000 57,000 191,000 970,000 Holland's effective fax rate on all items is 40% A physical inventory indicates that the ending inventory is 5683,000. The number of common shares outstanding is 97.000 Prepare a condensed multi-step 2017 income statement for Sheffield Corporation, showing expenses by function. Indude calculation of EPS. (Round per Whare answer to 2 decimal places to