Presented below is information related to Tobias Corp., for the year 2020.
Required:	Prepare a multiple-step Income Statement and Statement of Retained Earnings
	for 2020 in good form (with headings).
	Assume the 300,000 shares of common stock were outstanding during 2020.
Administrative Expenses							70,000
Cost of Goods Sold							1,200,000
Depreciation Expense overstated in 2015							105,000
Dividend revenue							30,000
Dividends Declared							120,000
Effect on prior years of Change in Accounting Principle (credit)							220,000
Gain from sale of land in discontinued component							300,000
Interest Expense							45,000
Interest Revenue							20,000
Loss from operations in discontinued component of business							240,000
Retained Earnings, 1/1/2020							460,000
Sales Discounts							12,000
Sales Return & Allowances							50,000
Sales Revenue							$ 1,950,000
Selling Expenses							95,000
Write-off of Goodwill due to Impairment							75,000
Federal tax rate of 20% on all items
*This is exactly how the problem is written, no additional information is given*