P4-1 (Multiple-Step Income, Retained Earnings) The following
information is related to Dickinson Company for 2014.Retained
earnings balance, January 1, 2014 $ 980,000Sales revenue
25,000,000Cost of goods sold 16,000,000Interest revenue
70,000Selling and administrative expenses 4,700,000Write-off of
goodwill 820,000Income taxes for 2014 1,244,000Gain on the sale of
investments (normal recurring) 110,000Loss due to fl ood
damage—extraordinary item (net of tax) 390,00Loss on the
disposition of the wholesale division (net of tax) 440,000Loss on
operations of the wholesale division (net of tax) 90,000...