Presented below is information related to Verocell at December 31, 2020, the end of its first year of operations. Sales revenue $320,000 Sales return and allowance 10,000Cost of goods sold 150,000 Selling and administrative expenses 50,000 Gain on sale of plant assets 30,000 Unrealized gain on available-for-sale debt investments 10,000 Interest expense 6,000 Loss on discontinued operations 12,000 Dividends declared and paid 6,000 Instructions Compute the following: (a) income from operations, (b) net income, (c) comprehensive income, and (d) retained earnings balance at December 31, 2020. (Income tax 42%)