Business, 04.10.2019 21:20 jayycruz59
The following information is related to dickinson company for 2014.retained earnings balance, january 1, 2014 $998,400sales revenue 26,209,000cost of goods sold 16,192,000interest revenue 80,400selling and administrative expenses 4,720,000write-off of goodwill 829,000income taxes for 2014 1,334,000gain on the sale of investments (normal recurring) 114,400loss due to flood damage�extraordinary item (net of tax) 400,200loss on the disposition of the wholesale division (net of tax) 445,200loss on operations of the wholesale division (net of tax) 98,700dividends declared on common stock 257,300dividends declared on preferred stock 87,200dickinson company decided to discontinue its entire wholesale operations and to retain its manufacturing operations. on september 15, dickinson sold the wholesale operations to rogers company. during 2014, there were 498,700 shares of common stock outstanding all year. prepare a multiple-step income statement. (round earnings per share to 2 decimal places, e. g. 1.48.)
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