The following information was taken from the records of Gibson Inc. for the ye

The following information was taken from the records of Gibson Inc. for the year 2012: income tax applicable to income from continuing operations $127600;
income tax applicable to loss on discontinued operations $31500; income tax applicable to extraordinary gain $33592; income tax applicable to
extraordinary loss $21726; and unrealized holding gain on available-for-sale securities $23900.

Extraordinary gain

$98800

Loss on discontinued operations

75700

Administrative expenses

245900

Rent revenue

46300

Extraordinary loss

63900

Cash dividends declared

158100

Retained earnings January 1 2012

600800

Cost of goods sold

852600

Selling expenses

304500

Sales

1719600

Shares outstanding during 2012 were

100800.

a. Prepare a single-step income statement for 2012. (Round earnings per share to 2 decimal places e.g. $1.48.)

b. Prepare a retained earnings statement for 2012.

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