FOR THIS PROBLEM CAN YOU PLEASE SHOW THIS VERY CLEARLY WRITTEN WITH EVERY STEP BY STEP PROCESS

PLEASE SHOW THIS VERY CLEARLY

Part 1: Presented below is information for Doyle Inc. at December 31, 2020, the end of its first year of operations Sales revenue $310,000 Cost of Goods Sold 140,000 Selling & administrative expenses 50,000 Gain on sale of plant assets 30,000 Unrealized gain on securities available-for-sale 10,000 Interest expense 6,000 Income from operations of discontinued segment 12,000 Loss on disposal of discontinued segment 5,000 Dividends declared and paid 5,000 Ignoring income tax effects, use the information above to prepare a multiple-step income statement that includes the following sections (label each figure & use the corresponding letter below): Gross profit b Income (loss) from continuing operations Income (loss) on discontinued operations d Net Income (loss) e. Comprehensive income f. Exclusive of the income statement, compute the Retained Earnings balance at December 31, 2020 a dood