Use a multi-step income statement Presented below is information related to Blossom Company at Decem
Use a multi-step income statement Presented below is information related to Blossom Company at December 31, 2020, the end of its first year of operations. Sales revenue $322,170 Cost of goods sold 138,320 Selling and administrative expenses 51,700 Gain on sale of plant assets 30,260 Unrealized gain on available-for-sale debt investments 9,200 Interest expense 5,820 Loss on discontinued operations 12,220 Dividends declared and paid 4,580 Compute the following: 0 (a) Income from operations 0 (b) Net income 0 (c) Comprehensive income (d) Retained earnings balance at December 31, 2020
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