(Various Reporting Formats) The following information was taken from the records of Roland Carlson Inc. for the year 2004. 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 availablefor-

sale securities $15,000.

Shares outstanding during 2004 were 100,000.
Instructions

(a) Prepare a single-step income statement for 2004.

(b) Prepare a retained earnings statement for 2004.

(c) Show how comprehensive income is reported using the second income statement format

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Extraordinary gain Loss on discontinued operations Administrative expenses Rent revenue Extraordinary loss $ 95,000 Cash dividends declared $ 150,000 75,000 Retained earnings January 1, 2004 600,000 240,000 Cost of goods sold 850,000 40,000 Selling expenses 300,000 60,000 Sales 1,900,000