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18. Presented below is information related to Wise Company at December 31, 2017, the end of its first year of operations. Sales revenue $775,000 Cost

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18. Presented below is information related to Wise Company at December 31, 2017, the end of its first year of operations. Sales revenue $775,000 Cost of goods sold 350,000 Selling and administrative expenses 125,000 Gain on sale of plant assets 75,000 Unrealized gain on available-for-sale investments 25,000 Interest expense 15,000 Loss on discontinued operations 30,000 100,000 Allocation to noncontrolling interest Dividends declared and paid 12,000 Instructions Compute the following: (a) income from operations, (b) net income, (c) net income attributable to Wise Company's controlling stockholders. Ignore income tax effects

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