W FUNCIES Current Attempt in Progress The following information is related to Splish Company for 2020. Retained earnings balance, January 1, 2020 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2020 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 $1,332,800 34,000,000 21.760,000 95,200 6,392,000 1.115,200 1,691,840 149,600 530,400 598,400 122,400 340,000 108,800 Splish Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Splish sold the wholesale operations to Rogers Company. During 2020, there were 500.000 shares of common stock outstanding all year. (a 1) Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places. 1.490 SPLISH COMPANY U QuJLIUI JUI J - / 15 (a2) Prepare a retained earnings statement. (List items that increase retained earnings first.) SPLISH COMPANY Retained Earnings Statement