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Presented below is information related to Wise Company at December 31, 2017, the end of its first year of operations. Sales revenue$775,000Cost of goods sold350,000Selling

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

Sales revenue$775,000Cost of goods sold350,000Selling and administrative expenses125,000Gain on sale of plant assets75,000Unrealized gain on available-for-sale investments25,000Interest expense15,000Loss on discontinued operations30,000Allocation to noncontrolling interest100,000Dividends declared and paid12,000

Compute the following. Ignore income tax effects.

(a)Income from operations$

(b)Net income$

(c)Net income attributable to Wise Company's controlling stockholders$

(d)Comprehensive income$

(e)Retained earnings balance at December 31, 2017$

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