Income statement and retained earnings statement items Questions 35- to 38 For each of the items listed below, indicate how it should be treated on the Income and Equity Statements assuming U.S. GAAP, Use the following letter code for vour selections A. Ordinary Operations B. Unusual Items but not Extraordinary C. Discontinued Operations D. Retained Earnings E. Cumulative Comprehensive Income A. Disclose or Not on the Statements 35. The company declared $1,000,000 of preferred stock dividends on December 30, 2011, but did not pay them until the following month. D 36. Amortization of a Patent A 37. Securities currently held in Available for Sale Securities increased from $800,000 to $1,200,000 during the current year. E The company incurred a $1,500,000 loss of the disposal of a segment of the business C 38