The following information was taken from the records of Cheyenne Inc. for the year 2017: Income tax applicable to income from continuing operations $177,616; income tax applicable to loss on discontinued operations $28,866, and unrealized holding gain on available-for-sale securities (net of tax) $22,100. Gain on sale of equipment $99,000 Cash dividends declared $152,500 Loss on discontinued operations 84,900 Retained earnings January 1, 2017 554,900 Administrative expenses 244,000 Cost of goods sold 770,600 Rent revenue 49,300 Selling expenses 292,100 Loss on write-down of inventory 66,200 Sales Revenue 1,747,000 Shares outstanding during 2017 were 93,500.

Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.) CHEYENNE INC. Income Statement For the Year Ended December 31, 2017 Sales Revenue 1747000 $ Rent Revenue 49300 Total Revenues 1796300 Cost of Goods Sold Selling Expenses Total Expenses Income From Continuing Operations , Income From Continuing Operations Before Income Tax Income Tax Discontinued Operations Loss on Discontinued Operations Prepare a comprehensive income statement for 2017, using the two statement format. CHEYENNE INC. Comprehensive Income Statement $ Prepare a retained earnings statement for 2017. (List items that increase retained earnings first.) CHEYENNE INC. Retained Earnings Statement $ $ Click if you would like to Show Work for this question: Open Show Work