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2. (5 points) Fill in the missing numbers for each independent company. Company A Company B Company C Sales revenue S 1,002,300 $379,000 +
2. (5 points) Fill in the missing numbers for each independent company. Company A Company B Company C Sales revenue S 1,002,300 $379,000 + $623,300 Beginning inventory 72,000 97,500 Net purchases 211,200 291,200 Ending inventory 90,300 137,100 88,500 Cost of goods sold 222,200 397,000 Gross profit 159,800 156,800 Operating expenses 51,400 151,500 Income before taxes 35,100 3. (5 points) The following information is related to Dickinson Company for 2020. Retained earnings balance, January 1, 2020 $900,000 Sales Revenue 21,887,300 Cost of goods sold 15,602,300 Interest expense 115,300 Selling expenses 1,437,300 Administrative expenses 1,917,350 Loss on write-down of inventory 290,000 Interest revenue 241,000 Income tax expense 923,150 Gain on the sale of equipment 124,800 Loss on operations of the wholesale division 625,200 (net of tax) Loss on the disposition of the wholesale 881,200 division (net of tax) Dividends declared on preferred stock 101,800 Dividends declared on common stock 255,600 Dickinson Company decided to discontinue its entire wholesale operations and to retain its manufacturing operations. On September 15, Dickinson sold the wholesale operations to Rogers Company. Required: Prepare a multiple-step income statement in good form. Do not calculate earnings per share information.
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