Reference no: EM133059756
Question - Presented below is information related to Concord Company at December 31, 2020, the end of its first year of operations.
Sales revenue $327,980
Cost of goods sold 148,580
Selling and administrative expenses 52,100
Gain on sale of plant assets 30,840
Unrealized gain on available-for-sale debt investments 9,370
Interest expense 6,060
Loss on discontinued operations 11,970
Dividends declared and paid 5,190
Required -
a. Computer the Income from operations?
b. Computer the Net Income?
c. Computer the Comprehensive income?
d. Computer the Retained earnings balance at December 31, 2020?