The following represents operating data for both the West and East divisions prior to the sale of the East Division's assets on 8/31/2020
									West	East
	Sales revenue								6,800,000	4,300,000
	Cost of goods sold								4,000,000	3,000,000
	Other operating expenses								2,200,000	1,160,000
	Interest expense on equipment loans for that division								120,000	60,000
	The following data represent FBND's investment, book values, and sales prices for the East Division's assets sold on 8/31/2020
	Assets at cost									6,000,000
	Accumulated depreciation									5,300,000
	Sales price									600,000
	On January 30, 2021 it was found that $300,000 in West Division other operating expenses had not been included in the 2019 income statement.
	FBND started 2020 with a reported retained earnings balance of $480,000.
	The tax rate for 2019 & 2020 was 21%
	FBND had 20,000 shares of preferred stock outstanding and paid a $1.25 per share dividend.
	FBND had 100,000 shares of common stock outstanding and paid a $0.80 per share dividend.
Your task is to: complete FBND's 2020's income statement with earnings per share and statement of retained earning in the IS & RE worksheet in good form. FBND is 12/31 year end company.