Exercise 4-09 Presented below is information related to Bramble Corp. for the year 2020. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue $1,378,000 826,800 68,900 50,880 21,200 7,420 Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2019 Casualty loss Cash dividends declared Retained earnings at December 31, 2019 Effective tax rate of 20% on all items $84,800 58,300 53,000 47,700 1,038,800 Prepare a multiple-step income statement for 2020. Assume that 64,448 shares of common stock are outstanding for the entire year. (Round earnings per share to 2 decimal places, e.g. 1.49.) BRAMBLE CORP. Income Statement CALCULATOR FUL Prepare a separate retained earnings statement for 2020. (List items that increase adjusted retained earnings first.) BRAMBLE CORP. Retained Earnings Statement Click if you would like to Show Work for this question: Open Show Work