The following information is related to Dickinson Company for $2025.$

Retained earnings balance, January $1,2025$

Sales revenue

Cost of goods sold

Interest 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 declared on common stock

Dividends declared on preferred stock

$$980,000$

$25,000,000$

$16,000,000$

$70,000$

$4,700,000$

$820,000$

$1,244,000$

$110,000$

$390,000$

$440,000$

$90,000$

$250,000$

$80,000$

Question $1$ of $4$

$\frac{0\mathrm{.}1}{0\mathrm{.}4}$

$\backslash$table$[[$Loss on operations of the wholesale division $($net of tax$),90,000],[$Dividends declared on common stock,$250,000],[$Dividends declared on preferred sto,$80,000]]$

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

$($a$1)$

Your answer is partially correct.

Prepare a multiple$-$step income statement. $($Round earnings per share to $2$ decimal places, e$.$g$.1\mathrm{.}49.$ List other revenues and gains before other Expenses and losses.$)$

DICKINSON COMPANY Income Statement

For the Year Ended December $31,2025$