Presented below is information related to Bonita Corp. for the year 2017. Net sales $1,392,100 Write-off of inventory due to obsolescence $81,030
Cost of goods sold 780,300 Depreciation expense omitted by accident in 2016 45,000
Selling expenses 74,600 Casualty loss 51,800
Administrative expenses 52,500 Cash dividends declared 41,740
Dividend revenue 27,800 Retained earnings at December 31, 2016 889,370
Interest revenue 7,120
Effective tax rate of 34% on all items
1- Prepare a multiple-step income statement for 2017. Assume that 55,620 shares of common stock are outstanding. (Round earnings per share to 2 decimal places, e. g. 1.49.)
2- Prepare a separate retained earnings statement for 2017. (List items that increase adjusted retained earnings first.)

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.