Porter Corporation reports the following information for 2017: sales revenue $800,000, cost of goods sold $500,000, selling expense $50,000, Write-off of goodwill due to impairment $60,000. Loss from operations of discontinued component of business $40,000. Unrealized holding gain on available-for-sale securities for 2017 of $80,000. The company deferred a $60,000 pretax loss on derivative; It declared and paid a cash dividend of $100,000 in 2017. Tax rate is 30%.

Porter Corporation has January 1, 2017 balance in common stock $300,000; accumulated other comprehensive income $60,000; and retained earnings $800,000. It issued common stock $100,000 during 2017.

Required: (Ignore earnings per share for simplicity)

(1). Prepare a statement of comprehensive income, using one statement format.

(2). Prepare a statement of stockholders equity.