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Presented below is information related to Sheffield AG for 2022 Retained earnings balance, January 1, 2022 Sales revenue 1,195,600 30,500,000 Cost of goods sold
Presented below is information related to Sheffield AG for 2022 Retained earnings balance, January 1, 2022 Sales revenue 1,195,600 30,500,000 Cost of goods sold 19,520,000 Interest expense 85,400 Selling and administrative expenses 5,734,000 Write-off of goodwill 1,000,400 Income taxes for 2022 1,517,680 Gain on the sale of investments 134,200 Loss due to flood damage 475,800 Loss on the disposition of the wholesale division inet of tax 536.900 Loss on operations of the wholesale division (net of tax) 109.800 Dividends declared on ordinary shares Dividends declared on preference shares 5:05,000 97/600 Sheffield decided to discontinue its entire wholesale operations and to retain its manufacturing operations On September 15, Sheffield said the wolesale operations sa Rogers Company Pering 2020, there are 500,000 ordinansans outstanding all year Prepare an Income statement Round SHEFFIELD AG Income Statement
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