Prepare a separate retained earnings statement for $2025.$ List items that increase adjusted retained earnings first. Presented below is information related to Sheridan Corp. for the year $2025.$ Net Sales $$1,196,000$ Write off of inventory due to obsolescence, Cost of Goods Sold $717,600$ Depreciation expense omitted by accident in $2024,$ Selling Expenses $59,800$ Casualty loss, Administrative Expenses $44,160$ Cash dividends declared, Dividend Revenue $18,400$ Retained earnings at December $31,2024,$ Interest Revenue $6,440$ Effective tax rate of $20\%$ on all items. Prepare a multiple step income statement for $2025.$ Assume that $69,920$ shares of common stock are outstanding for the entire year. Round earnings per share to $2$ decimal places.