Accounting, Analysis, and Principles a1-a3

Sunland Inc. provided the following information for the year 2020.

* Accounting, Analysis, and Principles a1-a3 Sunland Inc. provided the following information for the year 2020. Retained earnings, January 1, 2020 Administrative expenses Selling expenses Sales revenue Cash dividends declared Cost of goods sold Loss on discontinued operations Rent revenue Unrealized holding gain on available-for-sale debt securities Income tax applicable to continuing operations Income tax benefit applicable to loss on discontinued operations Income tax applicable to unrealized holding gain on available-for-sale debt securities $ 624,000 249,600 312,000 1,976,000 83,200 884,000 114,400 106,808 17,680 194,480 62,920 2,080 Prepare a single-step income statement for 2020. Shares outstanding during 2020 were 100,000. (Round earnings per share to 2 decimal places, e.g. $1.48.) SUNLAND, INC. Income Statement For the Year Ended Decem Revenues Sales Revenue 1,976,000 Rent Revenue 106,808 Total Revenues 12,082,808 Expenses Cost of Goods Sold 884,000 Selling Expenses 312,000 Administrative Expenses 249,600 Total Expenses 1,445,600 Income From Continuing 637,208 Income From Continuing $L Other Comprehensive Inc Net Income Loss Prepare a retained earnings statement for 2020. Shares outstanding during 2020 were 100,000. (List items that increase retained earnings first.) SUNLAND, INC. Retained Earnings Statement For the Year Ended Decem Retained Earnings, Januar Net Income / (Loss) Dividends Declared Retained Earnings, Decem Prepare a statement of comprehensive income using the two statement format. Shares outstanding during 2020 were 100,000. SUNLAND, INC. Statement of Comprehensive Income For the Year Ended Decem Net Income / (Loss) Other comprehensive inco Unrealized holding gain, n Comprehensive income