Presented below is information related to Waterway Company at December 31, 2020, the end of...
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Accounting
Presented below is information related to Waterway Company at December 31, 2020, the end of its first ye Sales revenue Cost of goods sold Selling and administrative expenses Gain on sale of plant assets Unrealized gain on available-for-sale debt 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 405890 (b) Net Income 419550 (c) Comprehensive income 430100 (d) Retained earnings balance at December 31, 2020 425600
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