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 available-for-sale securities $15,000.

Extraordinary gain $ 95,000 Cash dividends declared $ 150,000
Loss on discontinued             Retained earnings
Operations                    75,000 January 1, 2004                            600,000
Administrative exp 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.
Instructions
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.