CAMPBELL COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 2019 2018 Revenues Sales (net) Other revenues $270,000 250,000 5,800 255,800 8,800 278,800 Total revenues Expenses 135,000 59,000 9,200 43,000 246,200 32,600 94,500 3,600 3,300 Cost of goods sold Selling, general, and administrative Interest expense Income tax expense 115,000 54,000 8,400 42,000 219,400 36,400 65,000 3,600 3,300 $120,200 $ 94,500 Total expenses Net earnings (net income) Retained earnings, January 1 Less: Preferred stock dividends Common stock dividends Retained earnings, December 31