Problem 4-01 The following information is related to Nash Company for 2020. Retained earnings balance, January 1, 2020 $901,600 Sales Revenue 23,000,000 Cost of goods sold 14,720,000 Interest revenue 64,400 Selling and administrative expenses 4,324,000 Write-off of goodwill 754,400 Income taxes for 2020 1,144,480 Gain on the sale of investments 101,200 Loss due to flood damage 358,800 Loss on the disposition of the wholesale division (net of tax) 404,800 Loss on operations of the wholesale division (net of tax) 82,800 Dividends declared on common stock 230,000 Dividends declared on preferred stock 73,600 Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) NASH COMPANY Income Statement For the Year Ended December 31, 2020 Sales Revenue 23,000,000 >> Cost of Goods Sold 14,720,000 Gross Profit/ (Loss) 8,280,000 T Selling and Administrative Expenses 4,324,000 Income from Operations 3,956,000 Other Revenues and Gains Interest Revenue 64,400 Gain on the sale of Investments 101,200 165,600 Other Expenses and Losses Write-off of Goodwill 754,400 Loss from Flood Damage 358,800 1113200 Income from Continuing Operations Before Income Tax Income Tax 1,144,480 Income from Continuing Operations Discontinued Operations > Loss on Operations, Net of Applicable Tax 82,800 Loss on Disposal, Net of Applicable Tax 404,800 EX | Net Income / (Loss) Earnings Per Share Income from Continuing Operations Earnings Per Share Income from Continuing Operations Discontinued Operations Loss on Operations, Net of Applicable Tax Loss on Disposal, Net of Applicable Tax Net Income / (Loss)