The following information was taken from the records of Blue Spruce Inc. for the year 2020: Gain from expropriation $265,000 Cash dividends declared $240,000 Loss from operation of discontinued Rochelle Division 251,000 Retained earnings, January 1, 2020 1,900,000 Administrative expenses 760,000 Cost of goods sold 2,620,000 Rent revenue 170,000 Selling expenses 950,000 Loss from flood damage 210,000 Sales revenue 5,700,000 The following additional information was also available: income tax applicable to income from continuing operations, $465,000; income tax recovery applicable to loss from operation of discontinued Rochelle Division, $51,000. The company has elected to adopt ASPE. A) Prepare a single-step income statement for 2020, showing expenses by function. B)Prepare a combined single-step income and retained earnings statement. (List items that increase retained earnings first.)