The second picture above is the full blank answer sheet.

The following balances were taken from the books of Pronghorn Corp. on December 31, 2017. Interest revenue $88,200 Accumulated depreciation-equipment Accumulated depreciation-buildings Cash 53,200 $42,200 30,200 157200 Sales revenue Notes receivable 1,382,200 152,200 Accounts receivable Selling expenses 196,200 Prepaid insurance 22,200 Accounts payable 172,200 Sales returns and allowances 152,200 Bonds payable 102,200 Allowance for doubtful accounts Administrative and general expenses 99,200 9,200 47.200 Sales discounts Accrued liabilities 34,200 Land 102,200 Interest expense 62,200 Equipment 202,200 Notes payable 102,200 Buildings Loss from earthquake damage 142,200 623,200 Cost of goods sold Common stock 152,200 502.200 23,200 Retained earnings 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. (Round earnings per share to 2 decimal places, e.g. 1.48.) PRONGHORN CORP. Income Statement Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e.g. 1.48.) PRONGHORN CORP. Income Statement