various reporting formats

Project Description:

the following information was taken from the records of roland carlson inc.for the year 2014. income tax applicable to the income from continuing operations $187,000: income tax applicable to loss on discontinued operations $25,500; income tax applicable to extraordinary gain $32,300, income tax applicable to extraordinary loss $20,400 and unrealized holding gain on available-for-sale securities $15,000.

extraordinary gain 95,000
loss of discontinued operations 75,000
administrative expenses 240,000
rent revenue 40,000
extraordinary loss 60,000
cash dividends declared 150,000
retained earnings jan. 1, 2014 600,000
cost of goods sold 850,000
selling expenses 300,000
sales revenue 1,900,000

shares outstanding during 2014 100,000

a) prepare a single - step income statement
b) prepare a comprehensive income statement for 2014 using the two-statement format
c) prepare a retained earnings statement for 2014

please show your work thank you.
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Project Stats:

Price Type: Fixed

Project Budget: $0 to $10
Total Proposals: 11
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