Net Income and Comprehensive Income At the beginning of the current year, JR Company's Shareholders' Equity was as follows: During the year, 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 debt securities. At the end of the year, the debt 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%. 2.(a) Prepare an income statement for the year ended December 31. (Ignore earnings per share). (b) Prepare a statement of comprehensive income for the year ended December 31