Presented below is information related to Sweet Company at December 31, 2017, the end of its first year of operations.
Sales revenue $308,760 Cost of goods sold 142,980 Selling and administrative expenses 52,600 Gain on sale of plant assets 28,760 Unrealized gain on available-for-sale investments 9,390 Interest expense 5,580 Loss on discontinued operations 11,280 Dividends declared and paid 4,870
Compute the following:
(a) Income from operations
(b) Net income
(c) Comprehensive income
(d) Retained earnings balance at December 31, 2017