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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 Cost of goods
Presented below is information related to Marigold Company at December 31, 2020, the end of its first year of operations. Sales revenue Cost of goods sold Selling and administrative expenses Gain on sale of plant assets Unrealized gain on available-for-sale debt investments Interest expense Loss on discontinued operations Dividends declared and paid $308,620 146,950 49,300 29,000 9,620 5,960 11,960 4,550 Compute the following: (a) Income from operations $ 112,370 (b) Net income $ (c) Comprehensive income $ (d) Retained earnings balance at December 31, 2020 $
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