The following information was taken from the records of Roland Carlson Inc. for the year 2020: Income tax applicable to income from continuing operations $ 187,000; income tax applicable to loss on discontinued operations $ 25,500, and unrealized holding gain on available-for-sale securities (net of tax) $ 15,000.

Gain on sale of equipment		$ 95,000		Cash dividends declared		$ 150,000
Loss on discontinued operations		75,000		Retained earnings January 1, 2020		600,000
Administrative expenses		240,000		Cost of goods sold		850,000
Rent revenue		40,000		Selling expenses		300,000
Loss on write-down of inventory		60,000		Sales Revenue		1,900,000

Shares outstanding during 2020 were 100,000.

(A) Prepare a single-step income statement (with respect to items in Income from operations). (Round earnings per share to 2 decimal places)

(B) Prepare a comprehensive income statement for 2020, using the two statement format.

(C) Prepare a retained earnings statement for 2020. (List items that increase retained earnings first.)