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Can someone help me with this? WATERWAY COMPANY Income Statement For the Year Ended December 31, 2020 Sales Revenue $ 31500,000 Cost of Goods Sold

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WATERWAY COMPANY Income Statement For the Year Ended December 31, 2020 Sales Revenue $ 31500,000 Cost of Goods Sold 20160000 Gross Profit/(Loss) 11340000 Selling and Administrative Expenses 5922000 Income from Operations 5418000 Other Revenues and Gains Interest Revenue $ 88200 Gain on the sale of Investments 138600 5644800 Other Expenses and Losses Write-off of Goodwill 1033200 Loss from Flood Damage 491400 1524600 Income from Continuing Operations Before Income Tax 4120200 Income Tax 1567440 Income from Continuing Operations 2543760 Discontinued Operations Loss on Operations, Net of Applicable Tax 113400 Loss on Disposal, Net of Applicable Tax 554400 667800 Discontinued Operations $ 1875960 Net Income /(Loss) Earnings Per Share $ $ $ The following information is related to Waterway Company for 2020. Retained earnings balance, January 1, 2020 $1,234,800 31,500,000 Sales Revenue Cost of goods sold 20,160,000 Interest revenue 88,200 5,922,000 Selling and administrative expenses Write-off of goodwill 1,033,200 Income taxes for 2020 1,567,440 Gain on the sale of investments 138,600 Loss due to flood damage 491,400 Loss on the disposition of the wholesale division (net of tax) 554,400 Loss on operations of the wholesale division (net of tax) 113,400 315,000 Dividends declared on common stock Dividends declared on preferred stock 100,800 Waterway Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Waterway sold the wholesale operations to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year

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