The ledger of Carla Vista Corporation at November 30, 2024, contains the following summary data:

Cash dividendscommon		$69,500		Operating expenses		$1,119,000
Cash dividendspreferred		25,000		Other comprehensive incomeloss on equity investments (before income tax)		89,000
Common shares		324,500		Rent revenue		57,000
Cost of goods sold		7,370,000		Preferred shares ($5 noncumulative)		399,000
Depreciation expense		359,000		Retained earnings, December 1, 2023		750,000
Sales		9,029,000

Your analysis reveals the following additional information:

1.		The company has a 25% income tax rate.
2.		The communications devices division was discontinued on August 31. The profit from operations for the division up to that day was $18,800 before income tax. The division was sold at a loss of $79,500 before income tax.
3.		There were 200,000 common and 5,000 preferred shares issued on December 1, 2023, with no changes during the year.

Prepare a multiple-step income statement for the year.

Prepare a statement of comprehensive income as a separate statement.