please explain all calculations

P4-1 (L03,4,6) (Multiple-Step Statement, Retained Earnings Statement) The following information is related to Dickin- son Company for 2017. Retained earnings balance, January 1, 2017 Sales revenue $ 980,000 25,000,000 Cost of goods sold 16,000,000 Interest revenue 20,000 Selling and administrative expenses 4,700.000 Write-off of goodwill 820,000 Income taxes for 2017 1.244.000 Gain on the sale of investments 120.000 Loss due to flood damage 390,000 Loss on the disposition of the wholesale division (net of tax) 440,000 Loss on operations of the wholesale division (net of tax) 91000 descar Dividends declared on common stock $ 250,000 Dividends declared on preferred stock 80,000 Dickinson Company decided to discontinue its entire wholesale operations considered a discontinued operation) and to reta its manufacturing operations. On September 15, Dickinson sold the wholesale operations to Rogers Company. During 2017, the were 500,000 shares of common stock outstanding all year. Instructions Prepare a multiple-step income statement and a retained earnings statement