he following information was taken from the records of Blue Inc. for the year 2017: Income tax applicable to income from continuing operations $188,564; income tax applicable to loss on discontinued operations $26,588, and unrealized holding gain on available-for-sale securities (net of tax) $16,100.

Gain on sale of equipment	$98,500	Cash dividends declared	$158,500
Loss on discontinued operations	78,200	Retained earnings January 1, 2017	651,700
Administrative expenses	244,000	Cost of goods sold	813,100
Rent revenue	45,400	Selling expenses	327,700
Loss on write-down of inventory	65,800	Sales Revenue	1,861,300

Shares outstanding during 2017 were94,500.

Prepare a single-step income statement.

Prepare a comprehensive income statement for 2017, using the two statement format.

Prepare a retained earnings statement for 2017