Problem 4-01 The following information is related to Windsor Company for 2020. Retained earnings balance, January 1, 2020 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2020 Gain on the sale of investments Loss due to flood damage Loss on the disposition of the wholesale division (net of tax) Loss on operations of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $1,019,200 26,000,000 16,640,000 72,800 4,888,000 852,800 1,293,760 114,400 405,600 457,600 93,600 260,000 83,200 Windsor Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Windsor sold the wholesale operations to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year. $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a retained earnings statement. (List items that increase retained earnings first.) WINDSOR COMPANY Retained Earnings Statement $ Prepare a retained earnings statement. (List items that increase retained earnings first.) WINDSOR COMPANY Retained Earnings Statement $