Question
Presented below is information related to Bonita Corporation at December 31, 2017, the end of its first year of operations. Sales revenue $537,000 Cost of
Presented below is information related to Bonita Corporation at December 31, 2017, the end of its first year of operations.
Sales revenue | $537,000 | ||
Cost of goods sold | 367,000 | ||
Interest expense | 30,300 | ||
Selling and administrative expenses | 109,700 | ||
Dividends declared and paid | 10,900 | ||
Loss on sale of investments | 5,000 | ||
Allocation to non-controlling interest | 24,000 | ||
Unrealized gain on available-for-sale financial assets | 17,400 | ||
Gain on discontinued operations | 19,400 |
Compute the following: Ignore tax effects.
(a) | Income from operations | $enter a dollar amount | |||
---|---|---|---|---|---|
(b) | Net income | $enter a dollar amount | |||
(c) | Net income attributable to Bonita Corporation controlling shareholders | $enter a dollar amount | |||
(d) | Comprehensive income | $enter a dollar amount | |||
(e) | Retained earnings balance at December 31, 2017 | $enter a dollar amount |
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