Question
Presented below is information related to Tamarisk Company at December 31, 2020, the end of its first year of operations. Sales revenue $317,050 Cost of
Presented below is information related to Tamarisk Company at December 31, 2020, the end of its first year of operations. Sales revenue $317,050 Cost of goods sold 144,760 Selling and administrative expenses 49,700 Gain on sale of plant assets 28,090 Unrealized gain on available-for-sale debt investments 9,890 Interest expense 6,250 Loss on discontinued operations 12,880 Dividends declared and paid 4,760
Compute the following: (a) Income from operations $enter a dollar amount (b) Net income $enter a dollar amount (c) Comprehensive income $enter a dollar amount (d) Retained earnings balance at December 31, 2020
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