P4-1 (Multiple-Step Income, Retained Earnings) The following information is related to Dickinson 57Company for 2014....
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Accounting
P4-1 (Multiple-Step Income, Retained Earnings) The following information is related to Dickinson
57Company for 2014.
Retained earnings balance, January 1, 2014 $ $80,000
Sales revenue $25,000,000
Cost of goods sold $16,000,000
Interest revenue $70,000
Selling and administrative expenses $4,700,000
Write-off of goodwill $820,000
Income taxes for 2014 $1,244,000
Gain on the sale of investments (normal recurring) $110,000
Loss due to flood damage
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