question 4

4. A corporation reports the following: Common Stock balance 1/1/19 30,000 Additional Paid in Capital balance 1/1/19 80,000 Retained Earnings balance 1/1/19 90,000 Accumulated Other Comprehensive Income 1/1/19 5,000 During 2019 (January - December) the business reports income from continuing operations of 115,000; a loss from discontinued operations of (25,000); and other comprehensive income of 4,000. The business declares (and paid) cash dividends of $35,000 in 2019. Calculate the net income for 2019 Calculate the comprehensive income for 2019 Calculate the Retained Earnings balance on 12/31/19 Calculate the Stockholder Equity on 12/31/19