Homework A Saved Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20x2 Sales $ Cost of goods sold Gross profit $ Selling and administrative expense Depreciation expense Operating income $ Interest expense Earnings before taxes $ Taxes Earnings after taxes $ Preferred stock dividends Earnings available to common stockholders $ Shares outstanding Earnings per share $ 3,650,000 2,230,000 1,420,000 654,000 273,000 493,800 85,300 407,700 186,000 221,700 1e, eee 211,700 150,000 1.41 Statement of Retained Earnings For the Year Ended December 31, 20x2 Retained earnings, balance, January 1, 20x2 Add: Earnings available to common stockholders, 20x2 Deduct: Cash dividends declared and paid in 20x2 Retained earnings, balance, December 31, 20x2 $1,370, 100 211,700 141,000 $1,440, 800 Comparative Balance Sheets For 20x1 and 20X2 Year-End