The following information is related to Novak Company for 2025. Retained earnings balance, January 1, 2025 $1,352,400 Sales revenue 34,500,000 Cost of goods sold 22,080,000 Interest revenue 96,600 Selling and administrative expenses 6,486,000 Write-off of goodwill 1,131,600 Income taxes for 2025 1,716,720 Gain on the sale of investments 151,800 Loss due to flood damage 538,200 Loss on the disposition of the wholesale division (net of tax) 607,200 Loss on operations of the wholesale division (net of tax) 124,200 Dividends declared on common stock 345,000 Dividends declared on preferred stock 110,400 Novak Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Novak sold the wholesale operations to Rogers Company. During 2025, there were 500,000 shares of common stock outstanding all year. Prepare a multiple step income statement under 149 Lother and befo other Expand Textbook and Media List of Accounts S NOVAK COMPANY Income Statement Attempt of und