The following information is related to Pronghorn Company for 2017.

Retained earnings balance, January 1, 2017		$985,470
Sales Revenue		26,100,500
Cost of goods sold		16,248,000
Interest revenue		76,300
Selling and administrative expenses		4,796,300
Write-off of goodwill		839,700
Income taxes for 2017		1,349,100
Gain on the sale of investments		115,500
Loss due to flood damage		398,800
Loss on the disposition of the wholesale division (net of tax)		451,200
Loss on operations of the wholesale division (net of tax)		91,620
Dividends declared on common stock		242,600
Dividends declared on preferred stock		85,750

Pronghorn Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Pronghorn sold the wholesale operations to Rogers Company. During 2017, there were 457,500 shares of common stock outstanding all year.

Prepare a multiple-step income statement.