The following information is related to Vaughn Company for 2020. Retained earnings balance, January 1, 2020 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2020 Gain on the sale of investments Loss due to flood damage Loss on operations of the wholesale division (net of tax) Loss on the disposition of the wholesale division (net of tax) Dividends declared on common stock Dividends declared on preferred stock $1,156,400 29,500,000 18,880,000 82,600 5,546,000 967,600 1,467,920 129,800 460,200 519,200 106.200 295.000 94,400 Vaughn Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Vaughn sold the wholesale operations to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year. (a1) Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, eg. 1.49) VAUGHN COMPANY Income Statement