Willie Nelson, Jr., controller for Jenkins Corporation, is preparing the company's financial statements at year-end, Currently, he is focusing on the income statement and determining the format for reporting comprehensive income. During the year, the company eamed net income of $400.000 and had unrealized gains on available-for-sale debt securities of $15,000. In the previous year, net income was $410,000, and the company had no unrealized 8.1 ins or losses. 1) Which are the two different formats of the Income Statement? 2) Show how income and comprehensive income will be reported on a comparative basis for the current year using the two statement format. 3) Show how income and comprehensive income will be reported on a comparative basis for the current year using the one statement format 4) Which format should Nelson recommend