Retained earnings balance, January 1, 2017 Sales Revenue $981,230 26,181,600 16,144,500 71,400 4,762,000 836,600 1,343,100 117,400 395,000 449,000 97,610 229,300 81,500 Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2017 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 Kingbird Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Kingbird sold the wholesale operations to Rogers Company During 2017, there were 463,400 shares of common stock outstanding all year