The following information is related to Buffalo Company for 2017.

Retained earnings balance, January 1, 2017		$997,830
Sales Revenue		26,123,300
Cost of goods sold		16,214,400
Interest revenue		78,400
Selling and administrative expenses		4,737,300
Write-off of goodwill		827,800
Income taxes for 2017		1,287,700
Gain on the sale of investments		113,900
Loss due to flood damage		397,600
Loss on the disposition of the wholesale division (net of tax)		457,400
Loss on operations of the wholesale division (net of tax)		96,820
Dividends declared on common stock		249,400
Dividends declared on preferred stock		78,330

Buffalo Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Buffalo sold the wholesale operations to Rogers Company. During 2017, there were 490,600 shares of common stock outstanding all year.

Prepare a multistep income statement.