CALCULATOR FULI Exercise 4-2 Your answer is incorrect. Try again Presented below

Question

CALCULATOR FULI Exercise 4-2 Your answer is incorrect. Try again Presented below is information related to Blossom Company at December 31, 2017, the end of its first year of operations Sales revenue Cost of goods sold Selling and administrative expenses Gain on sale of plant assets Unrealized gain on available-for-sale investments Interest expense Loss on discontinued operations Dividends declared and paid $312,580 140,110 46,800 30,970 10,550 5,460 11,850 4,500 Compute the following (a) Income from operations 156,590 (b) Net income 139,280 (c) Comprehensive income 149,830 (d) Retained earnings balance at December 31, 2017 134,780

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PARTICULAR $ Sales 312580 Less:Cost of goods sold 140110 Less: selling exp 46800 Income from operation (a) 125670 Less: interest 5460 Less: loss from discontinued operation 11850 Net income (b) 108360 Add: Gain on sales of plant assets 30970 Add: unrealized gain on investments 10550 Comprehensive income (c) 149880 Less: dividend 4500 Retained earning (d) 145380

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