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Presented below is information related to Vaughn Company at December 31, 2025, the end of its first year of operations. Sales revenue Cost of
Presented below is information related to Vaughn Company at December 31, 2025, the end of its first year of operations. Sales revenue Cost of goods sold $286,540 133,170 Selling and administrative expenses 49,100 Gain on sale of plant assets 30,150 Unrealized gain on available-for-sale debt investments 9,150 Interest expense 6,040 Loss on discontinued operations 11,320 Dividends declared and paid 5,230 Compute the following: (Ignore income tax effects.) (a) Income from operations 153370 (b) Net income 166160 (c) Comprehensive income 175310 (d) Retained earnings balance at December 31, 2025 160930
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