Income Statement and Retained Earnings The Huff Campany presents the foliowing partial list of account balances taken from its December 31 , 2019 adjusted trial bajance: The following information is also avallable for 2019 and is not reflected in the preceding accocints: 1. The common stock has been outstanding ali year. A cash dividend of $1.52 per share was decared and paid. 2. Land was sold at a pretax gain of $7,500. 3. Division X (a major component of the company) was sold at a pretax 9a in of $4,620. It had incurred a $9,470 pretax operating lass during 2019. 4. A tomado, which is an unusual event in the area, caused a $5,400 pretax loss: 5. The income tax rate on all items of income is 30%. 6. The average sharehotders' equity is $99,000. 1. Prepare a 2019 multiple-step income statement for Huff. Round earnings per share computations to two decimal places. 2. Prepare a 2019 retained earnings statement. 3. Compute the 2019 return on common equity. Round to one decimal place. %