w pobarea Marriott balto. Canvas Login Kleso, Intermediate Accounting, 16e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Exercise 4-5 (Part Level Submission) 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 Martinez Company ($000 omitted). $5,214 4,274 60,884 17,544 Administrative expense Officers' salaries Depreciation of office furniture and equipment Cost of goods sold Rent revenue Selling expense Delivery expense Sales commissions Depreciation of sales equipment Sales revenue Income tax Interest expense 3,004 81.294 5,794 96,814 9,384 2,174 Common shares outstanding for 2017 total 40,550 (000 omitted). se is incorrect. Try again. Prepare an income statement for the year 2017 using the multiple-step form. (Round earnings per share to 2 decimal places 1.4.) MARTINEZ COMPANY Income Statement (in thousands, except earnings per share) DUICKleso, Intermediate Accounting, 16e PLUS Help System Announcements ZYour answer is incorrect. Try again. ESOURCES ework Prepare an income statement for the year 2017 using the single-step form. (Round earnings (Part Leve! MARTINEZ COMPANY Income Statement (In thousands, except earnings per share) ts by Study MacBook Air