The accounts of Consolidated Can contain the following amounts at December 31, 2008:
| Cost of products sold | 410000 |
| Dividends | 3000 |
| Extraordinary gain (net of tax) | 1,000 |
| Income taxes | 9,300 |
| Interest expense | 8,700 |
| Other income | 1,600 |
| Retained earnings, | 270,000 |
| Sales | 480,000 |
| Selling and administrative expense | 42,000 |
Required:
Prepare a multiple-step income statement combined with a reconciliation of retained earnings for the year ended December 31, 2008.
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