Presented below is the information related to Rebel Corporation for the year ended December 31, 2018 Instructions: a Prepare an Income Statement (multiple step, of course ) b Prepare a separate Statement of Comprehensive Income (two-statement approach) c Prepare a Statement of Retained Earnings These statements should be professional in appearance, using correct headings, dollar signs, underlines and spelling. It may be easier to prepare it on Excel. Administrative expenses Cash dividends declared and paid Cost of goods sold Depreciation expense omitted by accident in 2016, before tax (round after tax amounts) Dividend revenue Interest revenue Net sales Retained earnings at December 31, 2017 Selling expenses Unrealized loss on available-for-sale securities, before tax (round after tax amounts) Write-off of inventory due to obsolescence $ 9,600 9,000 156,000 12,121 4,000 1,400 240,000 196,000 13,000 (4,242) 16,000 During the year Rebel discontinued its Patriot operations and experienced the following: Loss from the operations of Patriot before taxes Gain on the sale of Patriot Company before taxes (14,000) 4,000 34% 6,000 Effective tax rate on all items Shares of common stock outstanding all year There were no preferred dividends declared