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Presented below is information related to Wildhorse Company at December 31, 2020, the end of its first year of operations. Sales revenue $282,380 Cost

Presented below is information related to Wildhorse Company at December 31, 2020, the end of its first year of operations.Sa

Compute the following at December 31, 2020. (Ignore income taxes.)(a) Income from operations$(b) Net income$(c) Net inco

Presented below is information related to Wildhorse Company at December 31, 2020, the end of its first year of operations. Sales revenue $282,380 Cost of goods sold 144,090 Selling and administrative expenses 48,400 Gain on sale of plant assets 32,960 Unrealized gain on available-for-sale debt securities 10,550 Interest expense 6,180 Loss on discontinued operations 11,920 Allocation to non-controlling interest 38,310 Dividends declared and paid 4,790 Compute the following at December 31, 2020. (Ignore income taxes.) (a) Income from operations $ (b) Net income (c) Net income attributable to Wildhorse Company controlling shareholders (d) Comprehensive income $ (e) Retained earnings, end of year %24 %24 %24 %24

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