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Business, 13.10.2021 02:50 Chan592

Presented below is information related to Bonita Company at December 31, 2020, the end of its first year of operations. Sales revenue $ 335,550 Cost of goods sold 135,580 Selling and administrative expenses 54,900 Gain on sale of plant assets 30,790 Unrealized gain on available-for-sale debt investments 9,880 Interest expense 6,050 Loss on discontinued operations 12,200 Dividends declared and paid 5,060 Compute the following: (a) Income from operations $ enter a dollar amount 145070 (b) Net income $ enter a dollar amount 157610 (c) Comprehensive income $ enter a dollar amount 167490 (d) Retained earnings balance at December 31, 2020

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