Retained earnings balance, January 1, 2020 The following information is related to Vaughn Company for 2020. $1,156,400 Sales Revenue 29,500,000 Cost of goods sold 18,880,000 Interest revenue 82,600 Selling and administrative expenses Write-off of goodwill 5,546,000 967,600 Income taxes for 2020 1,467,920 Gain on the sale of investments 129.800 Loss due to flood damage 460,200 Loss on the disposition of the wholesale division (net of tax) 519,200 Loss on operations of the wholesale division (net of tax) 106,200 Dividends declared on common stock 295,000 Dividends declared on preferred stock 94,400 Vaughn Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to re manufacturing operations. On September 15, Vaughn sold the wholesale operations to Rogers Company. During 2020, th were 500.000 shares of common stock outstanding all year. (al) Prepare a multiple-step income statement (Round earnings per share to 2 decimal places, eg. 149) VAUGHN COMPANY