Determine the net income-loss

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Question - Blue Spruce Limited reports the following for 2020: sales revenue, $923,000; cost of sales, $770,000; operating expenses, $102,300; and unrealized gain on FV-OCI investments, $58,700. The company had January 1, 2020 balances as follows: common shares, $400,000; accumulated other comprehensive income, $310,000; and retained earnings, $923,000. The company did not issue any shares during 2020. On December 15, 2020, the board of directors declared a $260,000 dividend payable on January 31, 2021. Determine the Net income/loss?

Reference no: EM132674438

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