The ledger of Ivanhoe Corporation at November 30, 2017, contains the following summary data: Cash dividends-common $1,103,000 Cash dividends-preferred 73,000 Common shares Cost of goods sold Depreciation expense Sales $61,500 Operating expenses Other comprehensive income-loss on 21,500 equity investments (before income tax) 316,500 Rent revenue 7,210,000 Preferred shares ($5 noncumulative) 343,000 Retained earnings, December 1, 2016 9,013,000 41,000 383,000 734,000 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 $15,600 before income tax. The division was sold at a loss of $71,500 before income tax. 3. There were 200,000 common and 5,000 preferred shares issued on December 1, 2016, with no changes during the year. Prepare a multiple-step income statement for the year. IVANHOE CORPORATION Income Statement IVANHOE CORPORATION Income Statement $ $ 5 Prepare a statement of comprehensive income as a separate statement. IVANHOE CORPORATION Statement of Comprehensive Income $