Reference no: EM132463698
Presented below is information related to Crane Company at December 31, 2020, the end of its first year of operations.
Sales revenue $316,550
Cost of goods sold 150,400
Selling and administrative expenses 53,900
Gain on sale of plant assets 30,560
Unrealized gain on available-for-sale debt investments 9,460
Interest expense 5,840
Loss on discontinued operations 11,990
Dividends declared and paid 4,730
Compute the following:
Question (a) Income from operations
Question (b) Net income
Question (c) Comprehensive income
Question (d) Retained earnings balance at December 31, 2020
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