You are a CPA. You have just finished one of your client’s taxes and found that he owes $10,000 more in taxes than he expected. You need to inform your client of the bad news. Which outline would be most appropriate in this situation?(1) I. Provide bad news II. State the facts A. Unexpected income B. Change in tax codes III. Apologize IV. Close with goodwill(2) I. Express appreciation for trusting you to handle taxes II. Explain situation A. Unexpected income B. Change in tax codes III. Inform the client he owes an additional $10,000 in taxes IV. Close with a forward-looking statement(3) I. Inform the client he owes an additional $10,000 in taxes II. State the facts A. Unexpected income B. Change in tax codes III. Close with a forward-looking statement

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)