Waterway company decided to discontinued its entired wholesale operation ( considered discontinued operation) and to retain its manufacturing operations. On September 15, waterway sold the wholesale operations to rogers company. During 2017 , there were 453,800 shares of common stock outstanding all year

A) prepare a multi-step income statement

B) prepare a retained earnings statement

ent Problem 4-1 The following information is related to Waterway 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 $993,320 26,259,900 16,185,100 79,200 4,726,400 827,800 1,281,100 118,500 392,200 443,600 82,790 234,800 86,520 Waterway Company decided to discontinue its entire wholesale operations (cor Waterway sold the wholesale operations to Rogers Company. During 2017, the Prepare a multiple-step income statement. (Round earnings per share to 2 WATERWAY COMPANY Income Statement Polit inc A Rights Reserved, A Division of John w