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2. (8 points) The following information is related to Dickinson Company for 2020. Retained earnings balance, January 1, 2020 Sales Revenue Cost of goods sold

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2. (8 points) The following information is related to Dickinson Company for 2020. Retained earnings balance, January 1, 2020 Sales Revenue Cost of goods sold Interest expense Selling expenses Administrative expenses Loss on write-down of fixed assets Dividend revenue Income tax expense Gain on the sale of investments $600,000 18,540,500 12,111,125 205,300 1,657,000 2,133,500 500,000 312,000 625,300 112,130 326,200 Loss on operations of the wholesale division (net of tax) Loss on the disposition of the wholesale division (net of tax) Dividends declared on preferred stock Dividends declared on common stock 381,200 101,800 255,600 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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