The following information is related to Blue Company for 2025.

Retained earnings balance, January 1, 2025 $1,293,600

Sales revenue 33,000,000

Cost of goods sold 21,120,000

Interest revenue 92,400

Selling and administrative expenses 6,204,000

Write-off of goodwill 1,082,400

Income taxes for 2025 1,642,080

Gain on the sale of investments 145,200

Loss due to flood damage 514,800

Loss on the disposition of the wholesale division (net of tax) 580,800

Loss on operations of the wholesale division (net of tax)

118,800 Dividends declared on common stock

330,000 Dividends declared on preferred stock 105,600

Blue Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Blue sold the wholesale operations to Rogers Company. During 2025, there were 500,000 shares of common stock outstanding all year.

$ : $ Earnings Per Share - $ 4 Gross Profit / (Loss) $ The following information is related to Blue Company for 2025. Blue Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15 , Blue sold the wholesale operations to Rogers Company. During 2025 , there were 500,000 shares of common stock outstanding all year. BLUE COMPANY Income Statement For the Year Ended December 31, 2025 $