Presented below is information related to Watt Company in its first year of operation. The following information is provided at December 31, 2015, the end of its first year.

Sales revenue420,000

Cost of good sold210,000

Selling and administrative expenses75,000

Gain on sale of plant assets45,000

Unrealized gain on non-trading securities15,000

Financing costs10,000

Loss on discontinued operations20,000

Allocation to non-controlling interest60,000

Dividends declared and paid12,000

Compute the following (a) income from operations, (b) net income, (c) net income attributable to Watt Company shareholders, (d) comprehensive income, and (e) retained earnings balance at December 31, 2015.

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