Question
Presented below is information related to Blossom Corp at December 31, 2025, the end of its first year of operations. Sales revenue 534000, Cost of
Presented below is information related to Blossom Corp at December 31, 2025, the end of its first year of operations. Sales revenue 534000, Cost of goods sold 362000, interest expense 34100, selling and administrative expenses 110000, dividends declared and paid 10400, loss on sale of investments 5400, unrealized gain on available for sale financial assets 15700, gain on discontinued operations 17300. Compute the following: Ignore the tax effects. (a) Income from operations (b) net income (c) comprehensive income (d) retained earnings balance at December 31, 2025
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