Font Paragraph Styles Problem 1 Presented below is information related to Marlin Company for 2017. $ 2,250,000 53,000,000 33,000,000 Retained earnings balance, January1, 2017 Sales revenue Cost of goods sold Interest revenue 120,000 Selling and administrative expenses Write-otf of goodwill Income taxestor 2017 Loss on the sale of investments (normal 8,900,000 2,100,000 3,650,000 53,000 recurring) Loss due to hurricane damage Gain on the disposition ot the retail division (net 1,100,000 23,000 of tax) Loss on operations of the retail division (netot 231,000 350,000 125,000 tax) Dividends declared on common stock Dividends declared on preterred stock Instructions Prepar discontinue its e e a multiple-step income statement and a retained earnings statement. Marlin Company decided to ns and to retain its manufacturing and wholesale operations. On September 15, Marin sold the retal operations to Shark Corp. During 2017, there were 700,000 shares of common s outstanding all year is unavailable, may I take a message or can someone else help you? * Hold for me please We