The following information was taken from the records of Vega SA for the year 2019: income tax applicable to income from continuing operations R$119,000, income tax applicable to loss on discontinued operations R$25,500, and unrealized holding gain on non-trading equity securities R$15,000.
Gain on sale of plant assets R$ 95,000
Cash dividends declared R$ 150,000
Loss on discontinued operations 75,000 

Retained earnings January 1,2019 600,000
Administrative expenses 240,000 

Cost of goods sold 850,000
Rent revenue 40,000 

Selling expenses 300,000
Loss on impairment of land 60,000 

Sales revenue 1,700,000
Ordinary shares outstanding during 2019 were 100,000.
Instructions
a. Prepare a comprehensive income statement for 2019 using the one statement approach.
b. Prepare a retained earnings statement for 2019.