(Various Reporting Formats) The following information was taken from the records of Roland Carlson Inc. for the year 2004. Income tax applicable to 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 availablefor-sale securities $15,000.

Extraordinary gain                               $ 95,000          Cash dividends declared                   $ 150,000

Loss on discontinued operations         75,000          Retained earnings January 1, 2004     600,000

Administrative expenses                     240,000          Cost of goods sold                                 850,000

Rent revenue                                           40,000          Selling expenses                                     300,000

Extraordinary loss                                  60,000          Sales                                                       1,900,000

Shares outstanding during 2004 were 100,000.

(a) Prepare a single-step income statement for 2004.

(b) Prepare a retained earnings statement for 2004.

(c) Show how comprehensive income is reported using the second income statement format.