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the accounts of consolidated can contain the following amounts at december 31 2000 544257

The accounts of Consolidated Can contain the following amounts at December 31, 2000:

Cost of products sold

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$410,000

Dividends

3,000

Extraordinary gain (net of tax)

1,000

Income taxes

9,300

Interest expense

8,700

Other income

1,600

Retained earnings, 1/1

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, 2000.

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