US Kieso, Intermediate Accounting, 16e Assignment Gradebook ORIONDownloadable eTextbook Practice ssignment CES Problem 4-1 The following iniormation is related to Concord Company for 2017. Retained earnings balance, January 1, 2017 Sales Revenue Cost of goods sold Interest revenue Selling and administrative expenses Write-off of goodwill Income taxes for 2017 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 $981,230 26,181,600 16,144,500 71,400 4,762,000 836,600 1,343,100 117,400 395,000 449,000 97,610 229,300 81,500 dy Concord Company decided to discontinue its entire wholesale operations (considered a discontinued operation of common stock outstanding all year. Prepare a multiple-step income statement. (Round earnings p er share to 2 decimal places, eg .49.) CONCORD COMPANY Income Statement Ins. All Rights Reserved. A Division of ything