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Exercise 4-2 Presented below is information related to Pronghorn Company at December 31, 2017, the end of its first year of mpa operations. 16,S Sales
Exercise 4-2 Presented below is information related to Pronghorn Company at December 31, 2017, the end of its first year of mpa operations. 16,S Sales revenue 150,4 Cost of goods sold 53,9 Selling and administrative expenses $316,550 150,400 53,900 30,560 9,460 5,840 11,990 4,730 30,5 Gain on sale of plant assets Unrealized gain on available-for-sale investments 5, Interest expense 113 Loss on discontinued operations Dividends declared and paid Compute the following (a) Income from operations (b) Net income (c) Comprehensive income (d) Retained earnings balance at December 31, 2017 , 2017 Question Attempts: 0 of 5 used Copyright ts Reserved
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