The accountant for Macadamia Shoe has compiled the following information from the company's records as a basis for an income statement for the year ended December 31, 2022. Rent revenue Interest expense Unrealized gain on non-trading equity securities, net of tax Selling expenses Income tax Administrative expenses Cost of goods sold Net sales Cash dividends declared Loss on sale of plant assets $49,000 28,000 30,000 145,000 32,000 187,000 520,000 988,000 16,000 25,000 There were 20,000 ordinary shares outstanding during the year. Required: a. (L.Obj 3.1 & 3.2) Prepare a comprehensive income statement using the combined statement approach and analyze the result! (40 points) b. (L.Obj 3.1 & 3.2) Prepare a comprehensive income statement using the two statement approach and analyze the result! (40 points) c. (L.Obj 3.3) Which format do you prefer? Please give your interpretation! (20 points)