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Presented below is information related to Bramble Company at December 31, 2017, the end of its first year of operations. Sales revenue$286,540Cost of goods sold133,170Selling
Presented below is information related to Bramble Company at December 31, 2017, the end of its first year of operations.
Sales revenue$286,540Cost of goods sold133,170Selling and administrative expenses49,100Gain on sale of plant assets30,150Unrealized gain on available-for-sale investments9,150Interest expense6,040Loss on discontinued operations11,320Dividends declared and paid5,230
Compute the following:
(a)Income from operations$
(b)Net income$
(c)Comprehensive income$
(d)Retained earnings balance at December 31, 2017$
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