Question 1 Ayayailnc. provided the following information for the year 2017 Retained earnings, January 1, 2017 Administrative expenses Selling expenses Sales revenue Cash dividends declar Cost of goods sold Loss on discontinued operations Rent revenue Unrealized holding gain on available-for-sale securities Income tax applicable to continuing operations Income tax benent applicable to loss on discontinued operations Income tax applicable to unrealized holding gain on available-for-sale securities $ 608,500 246,200 300,000 1,847,500 82,600 878,100 72,300 40,000 17,600 186,400 39,765 2,000 ed Prepare a single-step income statement for 2017.Shares outstanding during 2017 were 100,000. (Round earnings per share to 2 decimal places, eg. $1.48.) AYAYAI, INC. Income Statement Prepare a retained earnings statement for 2017.Shares outstanding during 2017 were 100,000. (List items that increase retained earnings first.) AYAYAI, INC. Retained Earnings Statement Prepare a statement of comprehensive income using the two statement format. Shares outstanding during 2017 were 100,000 AYAYAI, INC. Statement of Comprehensive Income