Backgammon Fine Furniture (BFF) had the following occur during 2020.
1.	Up until the middle of 2020 BFF had been both a manufacturer and a retailer of fine furniture. In 2020 they made a decision to sell their retail stores and concentrate on the core competency, furniture manufacturing.
2.	The beginning balance in retained earnings were $500,000
3.	Wholesale revenue from manufacturing was $4,300,000, manufacturing cost of goods sold were $2,500,000; S&A expenses from manufacturing were, $1,000,000; and interest expense on a loan taken out to finance the manufacturing equipment was $50,000.
4.	While $200,000 per year in depreciation should have been included in the manufacturing cost/cost of goods sold each year, and while that was done properly this year, it has just been discovered that it was not done in 2017, 2018, or 2019.
5.	An operating loss of $380,000 was incurred on the retail operation before it was sold.
6.	The assets from the retail operation with an original cost of $2,400,000 and a net book value of $600,000 were sold for $750,000.
7.	BFF had 500,000 shares of common stock and 80,000 shares of preferred stock outstanding for 2020.
8.	BFF declared and paid a $0.15 per share dividend on the common stock and a $0.75 per share dividend on the preferred stock.
9.	BFFs tax rate is 21%.
Required: Produce BFFs multi-step income statement and statement of retained earnings for the year ending 12/31/2020 in good form. Include the proper EPS information.