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Show me the steps to solve The following information is related to Waterway Company for 2025. Retained earnings balance, January 1, 2025 Sales revenue Cost
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The following information is related to Waterway Company for 2025. Retained earnings balance, January 1, 2025 Sales revenue Cost of goods sold I nterest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2025 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 dedared on common stock Dividends declared on preferred stock 88,200 5,922.000 1,567 ,44D 491,400 113,400 315.000 Waten.vay Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Waterway sold the wholesale operations to Rogers Company. During 2025, there were 500,000 shares of common stock outstanding all year. Cal) 8 Ycvur answer is partially correct. Prepare a multi ple-step income statement. (Round earnirgs per share to 2 decimal places, e.g. 1.49. List other revenues and gains before other Expenses and losses.) WATERWAY COMPANY Income Sta tenent FY the Year Ended 31, 2025
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