The following information is related to Dickinson Company for 2014.
Retained earnings balance, January 1, 2014 $998,400
Sales Revenue...........................................................................26,209,000
Cost of goods sold.....................................................................16,192,000
Interest revenue..............................................................................80,400
Selling and administrative expenses...................................................4,720,000
Write-off of goodwill...........................................................................829.000
Income taxes for 2014.......................................................................1,334,000
Gain on the sate of investments (normal recurring) .......................................114,400
Loss due to flood damage extraordinary item (net of tax) ..............................400,200
Loss on the disposition of the wholesale division (net of tax) .......................445,200
Loss on operations of the wholesale division (net of tax) ................................98,700
Dividends declared on common stock............................................................257,300
Dividends declared on preferred stock...............................................................87200
Dickinson Company decided to discontinue its entire wholesale operations and to retain its.
Dickinson Company decided to discontinue its entire wholesale operations and to return Its manufacturing operations. On September 15, Dickinson so4d the wholesale operations to Rogers Company. During 2014, there were 498.700 shares of common stock outstanding all year.
Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g.1.48.)