Retained Earning $550,000

Net Sales 1,300,000

Selling expenses 200,000

Earthquake loss on plant (unusual and infrequent) 280,000

Cash Dividends declared on common stock 33,000

Cash Dividends declared on preferred stock 12,000

Cost of goods sold 780,000

Gain resulting from computation error on depreciation charge in 2015 510,000

Dividend revenue 60,000

Administrative expenses 40,000

Unrealize holding loss on available for sale securities 30,000

Gain on disposal of a component 100,000

tax is 30% , 100,000 shares of common stock are outstanding

1. Determine continuing operations net of tax to report in income statement

2. determine comprehensive income

Assume income from operation (net of tax) is $50,000

3. determine Earning per share for net income and discontinued operations

Assume Net Income is 110,000

4. what is the end retained earning on balance sheet?

5. What is the noncontrolling interest (minority shares are 20%

3