Question
Exercise 4-02 Presented below is information related to Wildhorse Company at December 31, 2020, the end of its first year of operations. Sales revenue $285,560
Exercise 4-02
Presented below is information related to Wildhorse Company at December 31, 2020, the end of its first year of operations.
Sales revenue $285,560
Cost of goods sold 137,690
Selling and administrative expenses 49,700
Gain on sale of plant assets 32,020
Unrealized gain on available-for-sale debt investments 9,670
Interest expense 5,600
Loss on discontinued operations 12,420
Dividends declared and paid 5,440
Compute the following:
(a)
Income from operations
$enter a dollar amount
(b)
Net income
$enter a dollar amount
(c)
Comprehensive income
$enter a dollar amount
(d)
Retained earnings balance at December 31, 2020
$enter a dollar amount
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