multiple step income retained earnings the following information is related to dick 1574407

(Multiple-Step Income, Retained Earnings) The following information is related to Dickinson Company for 2014.

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 500,000 shares of common stock outstanding all year.

Instructions

Prepare a multiple-step income statement and a retained earnings statement.