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Presented below is information related to Marigold Company at December 31, 2020, the end of its first year of operations. Sales revenue $308,620 Cost of
Presented below is information related to Marigold Company at December 31, 2020, the end of its first year of operations. Sales revenue $308,620 Cost of goods sold 146,950 Selling and administrative expenses 49,300 Gain on sale of plant assets 29,000 Unrealized gain on available-for-sale debt investments 9,620 Interest expense 5,960 Loss on discontinued operations 11,960 Dividends declared and paid 4,550 Compute the following: (a) Income from operations $ $ (b) Net income (c) Comprehensive income $ (d) Retained earnings balance at December 31, 2020 $ Type here to search 0
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