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

c. Prepare a retained earnings statement for 2014

The following information was taken from the records of Nash Inc. for the year 2020: Income tax applicable to income from continuing operations $153,340; income tax applicable to loss on discontinued operations $20,910, and unrealized holding gain on available-for-sale securities (net of tax) $12,300. Gain on sale of equipment Loss on discontinued operations Administrative expenses Rent revenue Loss on write-down of inventory $77,900 61,500 196,800 32,800 49,200 Cash dividends declared Retained earnings January 1, 2020 Cost of goods sold Selling expenses Sales Revenue $123,000 600,000 697,000 246,000 1,558,000 Shares outstanding during 2020 were 100,000. NASH INC. Income Statement For the Year Ended December 31, 2020 Revenues Sales Revenue $ 1558000 Rent Revenue 32800 Total Revenues $ 1590800 Expenses Cost of Goods Sold 697000 i Selling Expenses 246000 i Administrative Expenses 196800 i Total Expenses 1139800 i Income from Operations 451000 Other Revenues and Gains Gain on Sale of Equipment 77900 Other Expenses and Losses Inventory Loss 49200 i Income From Continuing Operations Before Income Tax A 479700 Income Tax Income From Continuing Operations - Discontinued Operations Loss on Discontinued Operations Less : Applicable Income Tax Reduction Net Income / (Loss) $ Per Share of Common Stock Income From Continuing Operations $ Loss on Discontinued Operations, Net of Tax ^ Net Income / (Loss) $