The following information was taken from the records of Metlock Inc. for the year 2020: Income tax applicable to income from continuing operations $183,260; income tax applicable to loss on discontinued operations $24,990, and unrealized holding gain on available-for-sale securities (net of tax) $14,700.

Gain on sale of equipment		$93,100		Cash dividends declared		$147,000
Loss on discontinued operations		73,500		Retained earnings January 1, 2020		1,560,000
Administrative expenses		235,200		Cost of goods sold		833,000
Rent revenue		39,200		Selling expenses		294,000
Loss on write-down of inventory		58,800		Sales Revenue		1,862,000

Shares outstanding during 2020 were 100,000.

Prepare a comprehensive income statement for 2020, using the two statement format. METLOCK INC. Comprehensive Income Statement $ $ e Textbook and Media List of Accounts Prepare a retained earnings statement for 2020. (List items that increase retained earnings first.) METLOCK INC. Retained Earnings Statement $ $ e Textbook and Media Assistance Used List of Accounts Assistance Used Prepare a single-step income statement (with respect to items in Income from operations). (Round earnings per share to 2 decimal places, e.g. 1.48.) METLOCK INC. Income Statement S venue $ venue venues $ S Goods Sold xpenses trative Expenses penses from Operations evenues and Gains A From Continuing Operations Before Income Tax nued Operations Discontinued Operations : Applicable Income Tax Reduction $ $ ime / (Loss) $ e Textbook and Media List of Accounts