please help find the solutions to the red boxes

Problem 4-1 (Part Level Submission) The following information is ralated to Ivanhoa Company for 2017 Retained earnings balance, January 1, 2017 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2017 Gain on the sale of investments Loss due to fload damage Loss on the disposition of the wholesale division (netoftax Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $985,470 26,100,500 16,248,000 76,300 4,796,300 839,700 1,349,100 115,500 393,900 451,200 91,620 242,600 95,750 Ivanhce Company docided to discontinue its entire wholasala operations (considered a discontinuad operation) and to ratain its manufacturing operations. On Saptamber 15, Ivanhoe sold the wholesale operations to Rogers Company. During 2017, ther wwere 457,500 shares of common stock outstanding all year Your answer is partially correct. Try again. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) IVANHOE COMPANY For the Year Ended December 31, 2017 Sales Revenue 26100500 Cost of Goods Sold 16248000 Gross Profit / (Loss) Selling and Administrative Expenses Income from Operations 9852500 4796300 5056200 Other Revenues and Gains Interest Revenue 76300 Gain on the Sale of Investments 115500 191800 Other Expenses and Losses Write-off of Goodwill 839700 Loss from Flood Damage 398800 1238500 Income from Continuing Operations Before Income Tax 4009500 Income Tax 1349100 2660400 Discontinued Operations Loss on Operations, Net of Tax 91620 Loss on Disposal, Net of Ta:x 451200 542820 Net Income (Loss) 2117580 Earnings Per Share 5.82 Discontinued Operations Loss on Operations, Net of Tax 91620 Loss on Disposal, Net of Tax 451200 1.19 Net Income (Loss) 4.63 Problem 4-1 (Part Level Submission) The following information is ralated to Ivanhoa Company for 2017 Retained earnings balance, January 1, 2017 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2017 Gain on the sale of investments Loss due to fload damage Loss on the disposition of the wholesale division (netoftax Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $985,470 26,100,500 16,248,000 76,300 4,796,300 839,700 1,349,100 115,500 393,900 451,200 91,620 242,600 95,750 Ivanhce Company docided to discontinue its entire wholasala operations (considered a discontinuad operation) and to ratain its manufacturing operations. On Saptamber 15, Ivanhoe sold the wholesale operations to Rogers Company. During 2017, ther wwere 457,500 shares of common stock outstanding all year Your answer is partially correct. Try again. Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) IVANHOE COMPANY For the Year Ended December 31, 2017 Sales Revenue 26100500 Cost of Goods Sold 16248000 Gross Profit / (Loss) Selling and Administrative Expenses Income from Operations 9852500 4796300 5056200 Other Revenues and Gains Interest Revenue 76300 Gain on the Sale of Investments 115500 191800 Other Expenses and Losses Write-off of Goodwill 839700 Loss from Flood Damage 398800 1238500 Income from Continuing Operations Before Income Tax 4009500 Income Tax 1349100 2660400 Discontinued Operations Loss on Operations, Net of Tax 91620 Loss on Disposal, Net of Ta:x 451200 542820 Net Income (Loss) 2117580 Earnings Per Share 5.82 Discontinued Operations Loss on Operations, Net of Tax 91620 Loss on Disposal, Net of Tax 451200 1.19 Net Income (Loss) 4.63