1.prepare a multiple-step income statement

2.prepare a retained earnings statement

ment Irma NEXT CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Problem 4-1 The following information is related to Ayayai Company for 2017. Retained earnings balance, January 1, 2017 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2017 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $998,930 26,200,400 16,284,300 79,100 4,724,000 837,700 1,361,400 113,200 395,300 451,900 95,340 226,000 77,570 Ayayai Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Ayayai sold the wholesale operations to Rogers Company. During 2017, there were 513,300 shares of common stock outstanding all year