Presented below is information related to Viel Company at December 31, 2025, the end of its first year of operations.

Instructions 

Compute the following: 

(a) Income from operations, 

(b) Net income, 

(c) Comprehensive income, and

(d) Retained earnings balance at December 31, 2025. (Ignore income tax effects.)

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Sales revenue Cost of goods sold Selling and administrative expenses Gain on sale of plant assets Unrealized gain on available-for-sale debt investments Interest expense Loss on discontinued operations Dividends declared and paid $310,000 140,000 50,000 30,000 10,000 6,000 12,000 5,000