Preparing a Statement of Comprehensive Income Sanders Inc. reported net income of $770,000 for the year ended December 31, 2020. The company had a pretax unrealized holding gain on debt securities of $19,600 and a pretax loss on foreign currency translation adjustment of $56,000. The company's tax rate is 25%. Prepare a separate statement of comprehensive income beginning with net income. Use a negative sign to indicate a loss. . Sanders Inc. Statement of Comprehensive Income For the Year Ended December 31, 2020 Net Income Unrealized holding gain on debt security investment, net of tax Loss on foreign currency translation adjustment, net of tax savings Comprehensive income $ 0 0 0 $ 0 Preparing a Retained Earnings Statement In 2020, Lucky Inc. reported net income of $96,000 and declared and paid a common stock cash dividend of $40,000. Assuming that the company had a beginning balance of $688,000 in retained earnings, prepare a retained earnings statement for 2020. Use a negative sign to indicate a loss. $ 0 Lucky Inc. Statement of Retained Earnings For the Year Ended December 31, 2020 Retained earnings, January 1, 2020 Net income Dividends Retained earnings, December 31, 2020 0 0 $ 0