The following balances were taken from the books of Marigold Corp. on December 31, 2017.

Interest revenue		$88,150		Accumulated depreciationequipment		$42,150
Cash		53,150		Accumulated depreciationbuildings		30,150
Sales revenue		1,382,150		Notes receivable		157,150
Accounts receivable		152,150		Selling expenses		196,150
Prepaid insurance		22,150		Accounts payable		172,150
Sales returns and allowances		152,150		Bonds payable		102,150
Allowance for doubtful accounts		9,150		Administrative and general expenses		99,150
Sales discounts		47,150		Accrued liabilities		34,150
Land		102,150		Interest expense		62,150
Equipment		202,150		Notes payable		102,150
Buildings		142,150		Loss from earthquake damage		152,150
Cost of goods sold		623,150		Common stock		502,150
				Retained earnings		23,150

Assume the total effective tax rate on all items is 34%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year.