E5-17, Income Statement and Retained Earnings. Not handwritten or pics please, in Word.

Income Statement and Retaincd Earnings Huff Company presents the following items derived from its December 31, 2019, adjusted trial balance: The following information is also available for 2019 and is not reflected in the preceding accounts: 1. The common stock has been ourstanding all year. A cash dividend of $1.28 per share was declared and paid. 2. Land was sold at a pretax gain of $6,300. 3. Division X (a major component of the company) was sold at a pretax gain of $4,700. It had incurred a $9,500 pretax operating loxs during 2019. 4. A tornado, which is an unusual cvent in the arca, caused a $5,400 pretax loss. 5. The incone tax rate on all items of incone is 30%. 6. The average shareholders' equity is $90,000, Required: 1. Prepare a 2019 multiple-step income statersent for Huff. 2. Prepare a 2019 retained carnings statement. 3. Compute the 2019 return on common equity (Net Income 4 Average Shureholders' Equaty)