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Presented below is information related to Blossom Company at December 31, 2020, the end of its first year of operations. Sales revenue $300,170 Cost of
Presented below is information related to Blossom Company at December 31, 2020, the end of its first year of operations.
Sales revenue | $300,170 | ||
---|---|---|---|
Cost of goods sold | 142,320 | ||
Selling and administrative expenses | 45,700 | ||
Gain on sale of plant assets | 23,260 | ||
Unrealized gain on available-for-sale debt investments | 25,200 | ||
Interest expense | 66,820 | ||
Loss on discontinued operations | 11,220 | ||
Dividends declared and paid | 7,580 |
Compute the following:
(a) | Income from operations | ||||
---|---|---|---|---|---|
(b) | Net income | ||||
(c) | Comprehensive income | ||||
(d) | Retained earnings balance at December 31, 2020 |
*****Please show work
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