The following balances were taken from the books of Sweet Corp. on December 31, 2017. Interest revenue Cash Sales revenue Accounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accounts Sales discounts Land Equipment Buildings Cost of goods sold $87,500 52,500 1,381,500 151,500 21,500 151,500 8,500 46,500 101,500 201,500 141,500 622,500 Accumulated depreciation-equipment Accumulated depreciation-buildings Notes receivable Selling expenses Accounts payable Bonds payable Administrative and general expenses Accrued liabilities Interest expense Notes payable Loss from earthquake damage Common stock Retained earnings $41,500 29,500 156,500 195,500 171,500 101,500 98,500 33,500 61,500 101,500 151,500 501,500 22,500 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. places, e.g. 1.48.)