(Multiple-step Income, Retained Earnings) Presented below is information related to Dickinson Company for 2010.

(Multiple-step Income, Retained Earnings)Presented below is information related to Dickinson Company for 2010. Retained earnings balance, January 1, 2010 $983,600 Sales for the year 26,377,600 Cost of goods sold 16,397,900 Interest revenue 79,300 Selling and administrative expenses 4,730,900 Write-off of goodwill (not tax deductible) 825,800 Income taxes for 2010 1,058,000 Gain on the sale of investments (normal recurring) 111,900 Loss due to flood damage–extraordinary item (net of tax) 392,300 Loss on the disposition of the wholesale division (net of tax) 457,700 Loss on operations of the wholesale division (net of tax) 91,800 Dividends declared on common stock 253,100 Dividends declared on preferred stock 85,900 Prepare a multiple-step income statement and a retained earnings statement. Dickinson 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 2010, there were 500,000 shares of common stock outstanding all year. (List multiple entries from largest to smallest amount, e.g. 10, 5, 2. Round earnings per share to 2 decimal places, e.g. 5.25 and all other answers to 0 decimal places, e.g. 2.250. For earnings per share use either a negative sign preceding the number, e.g. -0.45 or parenthesis, e.g. (0.45) for negative numbers. Enter all other amounts as positive amounts and subtract where necessary.)

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