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7. Exercise 4-2 Presented below is information related to Marigold Company at December 31, 2017, the end of its first year of operations. Sales revenue

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7. Exercise 4-2 Presented below is information related to Marigold Company at December 31, 2017, the end of its first year of operations. Sales revenue Cost of goods sold Selling and administrative expenses Gain on sale of plant assets Unrealized gain on available-for-sale investments Interest expense Loss on discontinued operations Dividends declared and paid $326,200 126,370 47,200 31,080 9,620 6,320 11,900 4,700 Compute the following: (a) Income from operations (b) Net income (c) Comprehensive income (d) Retained earnings balance at December 31, 2017

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