Part B

$($I posted part A in different question$)$

At January $2025,$ Bakersfield, Inc.$\text{'}$s retained earnings balance was $$200,000.$ Assume that income from continuing operations $($before taxes$)$ and after correctly considering any of the six additional items was $$1,600,000.$ Prepare the income statement and retained earning statement. Denote negative numbers by using brackets $<>.$ Do not disclose earnings per share data.