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please explain how you got the answers step by step. Thanks in advance! Exercise 4-2 Presented below is information related to Bridgeport Company at December
please explain how you got the answers step by step. Thanks in advance!
Exercise 4-2 Presented below is information related to Bridgeport 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 $323,690 126,920 50,900 29,890 9,060 6,180 12,240 4,680 Compute the following: (a) Income from operations (b) Net income (c) Comprehensive income (d) Retained earnings balance at December 31, 2017 Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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