Jacksonville Window Co. reports the following for 2011:
Retained earnings, January 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $335,200
Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $290,200
Sales revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,420,000
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $14,100
General and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . $224,800
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $772,000
Dividends declared this year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40,000
Tax rate for all items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40%
Average shares of common stock outstanding during the year . . . . . . . 30,000
Prepare a multiple-step income statement (including earnings-per-share data) and a statement of retained earnings for Jacksonville.