The following information was taken from the records of Tamarisk Inc. for the year 2020: Income tax applicable to income from continuing operations $205,700; income tax applicable to loss on discontinued operations $28,050, and unrealized holding gain on available-for-sale securities (net of tax) $16,500.

Gain on sale of equipment		$104,500		Cash dividends declared		$165,000
Loss on discontinued operations		82,500		Retained earnings January 1, 2020		2,280,000
Administrative expenses		264,000		Cost of goods sold		935,000
Rent revenue		44,000		Selling expenses		330,000
Loss on write-down of inventory		66,000		Sales Revenue		2,090,000

Shares outstanding during 2020 were 100,000.

(1) Prepare a single-step income statement (with respect to items in Income from operations). (Round earnings per share to 2 decimal places, e.g. 1.48.)

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

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