I need a multi step income statement for the information I provided. Thank you Marsha
I need a multi step income statement for the information I provided.
The following information is related to Dickinson Company for 2014.
Retained earnings balance, January 1, 2014
Cost of goods sold
Selling and administrative expenses
Write-off of goodwill
Income taxes for 2014
Gain on the sale of investments (normal recurring)
Loss due to flood damage—extraordinary item (net of
Loss on the disposition of the wholesale division (net of
Loss on operations of the wholesale division (net of
Dividends declared on common stock
Dividends declared on preferred stock
Dickinson Company decided to discontinue its entire wholesale operations and to retain its
manufacturing operations. On September 15, Dickinson sold the wholesale operations to
Rogers Company. During 2014, there were 499,200 shares of common stock outstanding all
Prepare a multiple-step income statement.