Question - Presented below is information related to Bramble Company at December 31, 2017, the end of its first year of operations.
Sales revenue $286,540
Cost of goods sold 133,170
Selling and administrative expenses 49,100
Gain on sale of plant assets 30,150
Unrealized gain on available-for-sale investments 9,150
Interest expense 6,040
Loss on discontinued operations 11,320
Dividends declared and paid 5,230
Compute the following:
(a) Income from operations $
(b) Net income $
(c) Comprehensive income $
(d) Retained earnings balance at December 31, 2017 $