Question
Presented below is information related to Tamarisk AG for 2022 Retained earnings balance, January 1, 2022 1,176,000 Sales revenue 30,000,000 Cost of goods sold
Presented below is information related to Tamarisk AG for 2022 Retained earnings balance, January 1, 2022 1,176,000 Sales revenue 30,000,000 Cost of goods sold 19,200,000 Interest expense 84,000 Selling and administrative expenses 5,640,000 Write-off of goodwill 984,000 Income taxes for 2022 1,492,800 Gain on the sale of investments 132,000 Loss duasto flood damage 468,000 Loss on the disposition of the wholesale division (net of tax) 528,000 Loss on operations of the wholesale division (net of tax) 108,000 Dividends declared on ordinary shares 300,000 Dividends declared on preference shares 96,000 Tamarisk decided to discontinue its entire wholesale operations and to retain its manufacturing operations. On September 15, Tamarisk sold the wholesale operations to Rogers Company. During 2022, there were 500,000 ordinary shares outstanding all year. < < epare an income statement. (Round earnings per share to 2 decimal places, eg. 1.49.) TAMARISK AG Income Statement For the Year Ended December 31, 2022 > > Prepare a retained earnings statement. (List items that increase retained earnings first.) TAMARISK AG Retained Earnings Statement
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