Presented below is information related to Sunland Company at December 31, 2017, the end of its first year of operations. Sales revenue $333,190 Cost of goods sold 138,130 Selling and administrative expenses 50,100 Gain on sale of plant assets 28,720 Unrealized gain on available-for-sale investments 10,340 Interest expense 6,350 Loss on discontinued operations 13,060 Dividends declared and paid 4,950 Compute the following: (a) Income from operations $ (b) Net income $ (c) Comprehensive income $ (d) Retained earnings balance at December 31, 2017 $

Exercise 4-2 Presented below is information related to Sunland Company at December 31, 2017, the end of its first year of operations. $333,190 Sales revenue Cost of goods sold 138,130 50,100 28,720 Selling and administrative expenses Gain on sale of plant assets Unrealized gain on available-for-sale investments Interest expense 10,340 6,350 Loss on discontinued operations 13,060 Dividends declared and paid 4,950 Compute the following: (a) Income from operations Net income (c) Comprehensive income (d) Retained earnings balance at December 31, 2017