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Presented below is information related to Sunland Company at December 31, 2017, the end of its first year of operations. Sales revenue $327,980 Cost of
Presented below is information related to Sunland Company at December 31, 2017, the end of its first year of operations.
Sales revenue | $327,980 | ||
Cost of goods sold | 148,580 | ||
Selling and administrative expenses | 52,100 | ||
Gain on sale of plant assets | 30,840 | ||
Unrealized gain on available-for-sale investments | 9,370 | ||
Interest expense | 6,060 | ||
Loss on discontinued operations | 11,970 | ||
Dividends declared and paid | 5,190 |
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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