Information for 2020 follows forPina ColadaCorp.:

Retained earnings, January 1, 2020 $1,980,000

Sales revenue 37,200,000

Cost of goods sold 29,046,000

Interest income 187,000

Selling and administrative expenses 4,550,000

Unrealized gain on FV-OCI equity investments (gains/losses not recycled) 306,000

Loss on impairment of goodwill 537,000

Income tax on continuing operations for 2020 (assume this is correct) 699,800

Assessment for additional income tax for 2018 (normal, recurring, and not caused by an error) 430,000

Gain on disposal of FV-NI investments 123,000

Loss from flood damage 415,000

Loss on disposal of discontinued division (net of tax of $63,500) 254,000

Loss from operation of discontinued division (net of tax of $41,500) 166,000

Dividends declared on common shares 215,000

Dividends declared on preferred shares 74,200

There are 27 entries

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