Net Income and Comprehensive Income At the beginning of 2019, JR Company's shareholders' equity was as follows: Common stock, $5 par $35,000 Additional paid-in capital 49,000 Retained earnings 63,000 During 2019, the following events and transactions occurred: 1. JR recognized sales revenues of $108,000. It incurred cost of goods sold of $62,000 and operating expenses of $12,000. 2. JR issued 1,000 shares of its $5 par common stock for $14 per share. 3. JR invested $30,000 in available-for-sale securities. At the end of the year, the securities had a fair value of $35,000. 4. JR paid dividends of $6,000. The income tax rate on all items of income is 30%. Required: 1. Prepare a 2019 income statement for JR which includes net income and comprehensive income (ignore earn- ings per share). 2. For 2016 prepare a separate (a) income statement (ignore earnings per share) and (b) statement of compre- hensive income. Complete the income statement by filling in the line items and amounts in the green-shaded cells. An asterisk (*) will appear before an incorrect amount entered in select answer cells. Descriptions will not graded. JR COMPANY Statement of Income and Comprehensive Income For Year Ended December 31, 2019 Sales revenue Gross profit Income before taxes Net income Other comprehensive income: Unrealized increase in value of available-for-sale securities (net of $1,500 income taxes) Comprehensive income Complete the income statement by filling in the line items and amounts in the green-shaded cells. An asterisk (*) will appear before an incorrect amount entered in select answer cells. Descriptions will not graded. JR COMPANY Income Statement For Year Ended December 31, 2019 Gross profit Net income 26. Complete the statement of comprehensive income by filling in the line items and amounts in the green-shaded cells. An asterisk (*) will appear before an incorrect amount entered in select answer cells. Descriptions will not graded. JR COMPANY Statement of Comprehensive Income For Year Ended December 31, 2019 Other comprehensive income: Comprehensive income