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In: AccountingThe following balances were taken from the books of ShamrockCorp. on December 31, 2017.Interest...The following balances were taken from the books of ShamrockCorp. on December 31, 2017.Interest revenue$87,050Accumulated depreciation—equipment$41,050Cash52,050Accumulated depreciation—buildings29,050Sales revenue1,381,050Notes receivable156,050Accounts receivable151,050Selling expenses195,050Prepaid insurance21,050Accounts payable171,050Sales returns and allowances151,050Bonds payable101,050Allowance for doubtful accounts8,050Administrative and general expenses98,050Sales discounts46,050Accrued liabilities33,050Land101,050Interest expense61,050Equipment201,050Notes payable101,050Buildings141,050Loss from earthquake damage151,050Cost of goods sold622,050Common stock501,050Retained earnings22,050Assume the total effective tax rate on all items is 34%.Prepare a multiple-step income statement; 100,000 shares of commonstock were outstanding during the year. (Round earningsper share to 2 decimal places, e.g. 1.48.)