please help a and b

Cranston Corporation prepared the following Income Statement for review by its auditor: Cranston Corporation Income Statement For the year ended 12/31/22 \begin{tabular}{|l|r|} \hline Sales & $8,300,000 \\ \hline Cost of goods sold & 4,700,000 \\ \hline Gross profit & 3,600,000 \\ \hline Operating expenses & 2,300,000 \\ \hline Income before income taxes & 1,300,000 \\ \hline Income tax expense (21%) & 273,000 \\ \hline Net income & $1,027,000 \\ \hline \end{tabular} Cranston Corporation has had 250,000 shares of common stock outstanding all year. Cranston has no preferred stock. Cranston paid cash dividends of \$1.20 per share in 2022. Included in cost of goods sold is an additional cost of $320,000 due to an unavoidable, but brief, employee strike. Operating expenses include: (a) additional depreciation expense of $24,000 due to a decision to decrease the estimated useful life of certain equipment; (b) interest expense of $10,000 on a short-term note payable; and (c) a $50,000 write-down due to impairment of a trademark whose defense was unsuccessful. On August 15, Cranston decided to spin-off its children's clothing division, which the auditor determines is a separate business segment. Because of this decision, Cranston omitted the division from the income statement. The division's operating loss up to 8/15/22 was $180,000. The division lost an additional $50,000 before its assets were completely sold on November 3,2022 , at a net gain of $90,000. Required: a. Prepare the corrected multi-step Income Statement for Cranston that would be prepared by the auditor in accordance with GAAP. (Note that EPS would be required for a GAAP Income Statement.) b. Prepare Cranston's Statement of Retained Earnings at 12/31/22. Assume that Retained Earnings at 1/1/22 was $1,240,000