Income Statement Presented below is information related to Bae Company at December 31, 20 the end of its first year of operations. Use a 25% tax rate. Sales revenue $775,000 Drvidends declared and paid 40,000 Interest expense 20,000 Selling and administrative expenses 125,000 Loss on sale of plant assets 75,000 Unrealized loss on available for sale investments (pretax) 25,000 Interest revenue 15,000 Gain on discontinued operations (petak) 30,000 Allocation to noncontrolling interest (after-tax) 50,000 Cost of goods sold 350,000 Compute the following: Net Income Net Incomes Income from cont operations-Loss on discontinued operations 25 116 250.7500=108 750 34 2 points Net income attributable to Bae Company's controlling stockholders Net income attributable= net income-NI 35 en Ili 2 points Comprehensive income comprehensive income-Net income+unrealized gain 108,750+30,000=138,750 36 2 points Retained earnings balance at December 31, 2017 Net income-dividend paid 108.750-40.000=68.750 37 2 points