Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following 2017 information related to Wildhorse Company ($000 omitted) Administrative expense Officers' salaries $5,592 Depreciation of office furniture and equipment 4,652 61,262 17.922 Cost of goods sold Rent revenue Selling expense Delivery expense Sales commissions Depreciation of sales equipment Sales revenue Income tax Interest expense 3.382 8,672 7,172 97,192 9,762 2,552 Common shares outstanding for 2017 total 40.550 (000 omitted). Prepare an income statement for the year 2017 using the multiple-step form.(Round earnings per share to 2 decimal places, es. 1.48J