Presented below is information related to Viel Company at December 31, 2017, the end of its first year of operations.

Sales revenue	$310,000
Cost of goods sold	140,000
Selling and administrative expenses	50,000
Gain on sale of plant assets	30,000
Unrealized gain on available-for-sale investments	10,000
Interest expense	6,000
Loss on discontinued operations	12,000
Dividends declared and paid	5,000

Instructions

Compute the following: (a) income from operations, (b) net income, (c) comprehensive income, and (d) retained earnings balance at December 31, 2017. (Ignore income tax effects.)