CALCULATOR PRINTER VERSION BACK NEXT Problem 4-1 (Part Level Submission) The following information is related to Bramble 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 $992,850 26,143,200 16,261,600 78,700 4,771,700 830,300 1,426,000 119,800 398,000 460,400 88,760 230,000 73,490 Bramble Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Bramble sold the wholesale operations to Rogers Company. During 2017, there were 534,800 shares of common stock outstanding all year. BRAMBLE COMPANY Income Statement For the Year Ended December 31, 2017 Sales Revenue Cost of Goods Sold Gross Profit/ (Loss) Selling and Administrative Expenses Income from Operations Other Revenues and Gains Interest Revenue Gain on the sale of Investments other Expenses and Losses Write-off of Goodwill Income from Continuing Operations Before Income Tax Income Tax Income from Continuing Operations Discontinued Operations Discontinued Operations Loss on Disposal. Net of Tax Loss on Operations, Net of Tax Net Income / (LOSS) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT