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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.
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 | $ |
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