Jacksonville Window Co. reports the following for 2015:

Prepare a multiple-step income statement (including earnings-per-share data) and a statement of retained earnings for Jacksonville.

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Retained earnings, January Selling expenses Sales revenue Interest expense General and administrative expenses $335,200 Cost of goods sold $290,200 Dividends declared this year 1,420,000 Tax rate for all items $14,100 $224,800 $772,000 $40,000 10% Average shares of common stock outstanding during the year 30,000