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Presented below is information related to Ivanhoe Company as of and for the year ended December 31, 2017. This was Ivanhoe Company's first year of
Presented below is information related to Ivanhoe Company as of and for the year ended December 31, 2017. This was Ivanhoe Company's first year of operations. (Ignore income tax effects.) Sales revenue $1,300,000 Cost of goods sold 610,000 Selling and administrative expenses 320,000 . Loss on sale of plant assets 86,000 Unrealized gain on available-for-sale investments 13,000 Interest expense 6,600 Interest revenue 3,900 Loss on discontinued operations 3,000 Allocation to noncontrolling interest 8,000 Dividends declared and paid 27,600 Compute the following: (a) Income from continuing operations $ (b) Net income $ (c) Net income attributable to Ivanhoe Company's controlling shareholders $ (d) Comprehensive income $ (e) Retained earnings balance at December 31, 2017 $
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