The following information was taken from the records of Monty Inc. for the year 2017: Income tax applicable to income from continuing operations $169,626; income tax applicable to loss on discontinued operations $26,418, and unrealized holding gain on available-for-sale securities (net of tax) $22,500.

Gain on sale of equipment		$98,400		Cash dividends declared		$140,400
Loss on discontinued operations		77,700		Retained earnings January 1, 2017		588,700
Administrative expenses		246,800		Cost of goods sold		889,600
Rent revenue		48,900		Selling expenses		315,100
Loss on write-down of inventory		70,100		Sales Revenue		1,873,200

Shares outstanding during 2017 were 99,100.

Prepare a single-step income statement.