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ons Manual The following information is related to Waterway Company for 2020. CPAexcel nued Access Retained earnings balance, January 1, 2020 $1,234,800 Issions Sales Revenue 31,500,000 erences Cost of goods sold 20,160,000 Interest revenue 88,200 aborations Selling and administrative expenses 5,922,000 yPLUS Support Write-off of goodwill 1,033,200 Income taxes for 2020 1,567,440 Gain on the sale of investments 138,600 Loss due to flood damage 491,400 Loss on the disposition of the wholesale division (net of tax) 554,400 Loss on operations of the wholesale division (net of tax) 113,400 Dividends declared on common stock 315,000 Dividends declared on preferred stock 100,800 Waterway Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operation to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year. (a1) Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.49.) WATERWAY COMPANY Income Statement Type here to search