Income Statement and Retained Earnings The Huff Company presents the following partial list of account balances taken from its December 31, Year 9 adjusted trial balance: The follawing information is also avalable for Year 9 and is not refiected in the preceding accounts: 1. The common stock has been outstanding all year. A cash dividend of $1.54 per share was declared and paid. 2. Land was sold at a pretax gain of $6,300. 3. Division X (a major cemponent of the company) was sold at a pretax gain of $4,650.10 had incurred a 59,480 pretax operating loss during Year 9. 4. A tornado, which is an unusual event in the area, coused a $5,320 pretax loss 5. The income tax rate en all iterns of income is 30%. 6. The average common shaceholders' equity is $90,000. Required: 1. Prepare a Year 9 muviple-step income statement for Hulf. Round earnings per share computations to two decimal places. 2. Prebare a Year 9 retained earnings statement 3. Compute the Year 9 return on common equity, Round to one decimal place