The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations R$119,000, income tax applicable to loss on discontinued operations R$25,500, and unrealized holding gain on non-trading equity securities R$15,000.

Ordinary shares outstanding during 2019 were 100,000.

Instructions

a. Prepare a comprehensive income statement for 2019 using the one statement approach.

b. Prepare a retained earnings statement for 2019.