Dalton Dress Apparel, Inc. is a publicly traded wholesaler of men's dress ware. During 2018, Dalton decided to divest its holding in a subsidiary named Extraordinary Gentleman; Dalton experienced a gain on this disposal of a subsidiary. The following information will be useful when preparing Dalton's 2018 income statement, statement of retained earnings, and statement of comprehensive income Dalton receives interest regularly from bonds it holds from Nike Dalton pays its sales personnel a base salary plus commission Dalton sold two delivery trucks to another wholesaler at a loss. It still has several trucks in its fleet Dalton owns a controlling interest (75%) of a shoe manufacturer named Heavenly Wingtips. During 2018, Heavenly Wingtips had $135,000 worth of net income. Dalton is taxed at a 25% rate. Dalton has 100,000 shares of common stock outstanding throughout the entire 2018 year. Dalton had retained earnings of $1,590,000 at the beginning of the year and does not need to make any prior period adjustments on its 2018 statement of retained earnings. During 2018, Dalton appropriated 125,000 of retained earnings for the construction of a new warehouse. Dalton paid cash dividends of $1.15 per share to its common shareholders during the year. Dalton had the following income sources of and the following expenditures during the year