Reference no: EM132640987

Question - Presented below is information related to Nash Company at December 31, 2020, the end of its first year of operations.

Sales revenue $306,410

Cost of goods sold 144,660

Selling and administrative expenses 52,300

Gain on sale of plant assets 31,480

Unrealized gain on available-for-sale debt securities 9,310

Interest expense 5,620

Loss on discontinued operations 11,680

Allocation to non-controlling interest 38,340

Dividends declared and paid 4,690

Required - Compute the following at December 31, 2020. (Ignore income taxes.)

(1) Income from operations.

(2) Net income attributable to Nash Company controlling shareholders.