3. The following data relate to the operations of Delicious, Inc., during 2015. $37,400,000 21,500,000 205,000 Continuing operations: Net sales Costs and expenses (including applicable income tax) Other data: Operating income during 2015 on segment of the business Discontinued near year-end Loss on disposal of discontinued segment (net of income tax benefit Extraordinary loss (net of income tax benefit) Prior period adjustment increase in 2014 amortization expense, net of income tax benefit Cash dividend declared 510,000 930,000 310,000 2,000,000 a) Prepare a condensed income statement for 2015 (13 points) Condensed Income Statement Net Income b) Prepare a statement of retained earnings for the year ended December 31, 2015. As originally reported, retained earnings at December 31, 2014, amounted to $10,700,000. (12 points) = Statement of Retained Earnings ined earnings, December 31, 2015