The following information was taken from the records of Whispering Inc. for the year 2017: Income tax applicable to income from continuing operations $206,176; income tax applicable to loss on discontinued operations $26,452, and unrealized holding gain on available-for-sale securities (net of tax) $17,900. Gain on sale of equipment $95,300 Cash dividends declared $157,900 Loss on discontinued operations 77,800 Retained earnings January 1, 2017 561,800 Administrative expenses 247,800 Cost of goods sold 876,200 Rent revenue 41,200 Selling expenses 316,100 Loss on write-down of inventory 63,300 Sales Revenue 1,973,300 Shares outstanding during 2017 were 108,400. a. Prepare a single-step income statement. b. Prepare a comprehensive income statement for 2017, using the two statement format. c. Prepare a retained earnings statement for 2017.