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For Mortenson Company, the following information is available: Cost of goods sold $115,000 Dividend revenue 5,000 Operating expenses 46,000 Sales revenue 2 2 0,000 Loss
For Mortenson Company, the following information is available:
Cost of goods sold
$115,000
Dividend revenue
5,000
Operating expenses
46,000
Sales revenue
2
2
0,000
Loss on Discontinued Operations
(40,000)
In addition, Morstenson had an unrealized holding gain of $4,200 on securities
classified as available for sale. Morsten as a 30% tax rate. Calculate Mortensons:
a.
Gross Profit: _____________
b.
Income from Continuing Operations: _____________
c.
Net Income: _____________
d.
Comprehensive Income: _____________
please give me detail
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