Presented below is information related to Waterway Company at December 31, 2025, the end of its first year of operations. Sales revenue Cost of goods sold $312,580 140,110 Selling and administrative expenses 46,800 Gain on sale of plant assets 30,970 Unrealized gain on available-for-sale debt investments 10,550 Interest expense 5,460 Loss on discontinued operations 11,850 Dividends declared and paid 4,500 Compute the following: (Ignore income tax effects.) (a) Income from operations (b) Net income S 145070 157610 Compute the following: (Ignore income tax effects.) (a) Income from operations. (b) Net income (c) Comprehensive income (d) Retained earnings balance at December 31, 2025 $ 145070 tA EA 157610 167490 152550