Presented below is information related to Sheridan Corp. for the year

$2$

$0$

$2$

$5$

$.$

$$Net Sales $

$1$

$,$

$1$

$9$

$6$

$,$

$0$

$0$

$0$

$$Write off of inventory due to obsolescence, Cost of Goods Sold

$7$

$1$

$7$

$,$

$6$

$0$

$0$

$$Depreciation expense omitted by accident in

$2$

$0$

$2$

$4$

$,$

$$Selling Expenses

$5$

$9$

$,$

$8$

$0$

$0$

$$Casualty loss, Administrative Expenses

$4$

$4$

$,$

$1$

$6$

$0$

$$Cash dividends declared, Dividend Revenue

$1$

$8$

$,$

$4$

$0$

$0$

$$Retained earnings at December

$3$

$1$

$,$

$2$

$0$

$2$

$4$

$,$

$$Interest Revenue

$6$

$,$

$4$

$4$

$0$

$$Effective tax rate of

$2$

$0$

$\%$

$$on all items. Prepare a multiple step income statement for

$2$

$0$

$2$

$5$

$.$

$$Assume that

$6$

$9$

$,$

$9$

$2$

$0$

$$shares of common stock are outstanding for the entire year. Round earnings per share to

$2$

$$decimal places. Prepare a separate retained earnings statement for $2025.$ List items that increase adjusted retained earnings first