Sales Revenue WILDHORSE COMPANY Income Statement For the Year Ended December 31, 2025 Selling and Administrative Expenses Income from Operations > Net Income/(Loss) > $ $ Current Attempt in Progress The following information is related to Wildhorse Company for 2025. Retained earnings balance, January 1, 2025 $1,215,200 Sales revenue 31,000,000 Cost of goods sold 19,840,000 Interest revenue 86,800 Selling and administrative expenses 5,828,000 Write-off of goodwill 1,016,800 Income taxes for 2025 1,542,560 Gain on the sale of investments 136,400 Loss due to flood damage 483,600 Loss on the disposition of the wholesale division (net of tax) 545,600 Loss on operations of the wholesale division (net of tax) 111,600 Dividends declared on common stock 310,000 Dividends declared on preferred stock 99,200 Wildhorse Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Wildhorse sold the wholesale operations to Rogers Company. During 2025, there were 500,000 shares of common stock outstanding all year.