various reporting formats the following information was taken from the records of r 1574406

(Various Reporting Formats) The following information was taken from the records of Roland Carlson Inc. for the year 2014. Income tax applicable to income from continuing operations $187,000; income tax applicable to loss on discontinued operations $25,500; income tax applicable to extraordinary gain $32,300 income tax applicable to extraordinary loss $20,400; and unrealized holding gain on available for-sale securities $15,000.

Shares outstanding during 2014 were 100,000.

Instructions

(a) Prepare a single-step income statement.

(b) Prepare a comprehensive income statement for 2014, using the two statement format.

(c) Prepare a retained earnings statement for 2014.