The following information was taken from the records of roland carlson inc. for the year 2017. income tax applicable to income from continuing operations $187,000; income tax applicable to loss on discontinued operations $25,500; and unrealized holding gain on available-for-sale debt securities (net of tax) $15,000. gain on sale of equipment - $95,000 loss on discontinued operations - $75,000 administrative expenses - $240,000 rent revenue - $40,000 loss on write-down of inventory - $60,000 cash dividends declared - $150,000 retained earnings january 1, 2017 - $600,000 cost of goods sold - $850,000 selling expenses - $300,000 sales revenue - $1,900,000 shares outstanding during 2017 were - $100,000 instructions: a) prepare a multiple-step income statement. b) prepare a comprehensive income statement for 2017, using the two statement format.