The following information was taken from the records of Coronado Inc. for the year 2020: Income tax applicable to income from continuing operations $190,740; income tax applicable to loss on discontinued operations $26,010, and unrealized holding gain on available-for-sale securities (net of tax) $15,300.

Gain on sale of equipment		$96,900		Cash dividends declared		$153,000
Loss on discontinued operations		76,500		Retained earnings January 1, 2020		1,800,000
Administrative expenses		244,800		Cost of goods sold		867,000
Rent revenue		40,800		Selling expenses		306,000
Loss on write-down of inventory		61,200		Sales Revenue		1,938,000

Shares outstanding during 2020 were 100,000.

Prepare a multiple-step income statement. (Round earnings per share to 2 decimal places, e.g. 1.48.)

CORONADO INC. Income Statement Prepare a comprehensive income statement for 2020, using the two statement format. CORONADO INC. Comprehensive Income Statement e Textbook and Media List of Accounts Prepare a retained earnings statement for 2020. (List items that increase retained earnings first.) CORONADO INC. Retained Earnings Statement