Homework Sourseto Blue 316020 136660 Cost of goods sold 30410 10250 6370 13
to Blue $316,020 136,660 Cost of goods sold 30,410 10,250 6,370 13,120 Gain on sale of plant assets Loss on from operations 9759 si-52580] 31, 2017 ![to Blue $316,020 136,660 Cost of goods sold 30,410 10,250 6,370 13,120 Gain on sale of plant assets Loss on from operations 9759 si-52580] 31, 2017 Solution a)](/WebImages/33/to-blue-316020-136660-cost-of-goods-sold-30410-10250-6370-13-1096882-1761578640-0.webp "to Blue $316,020 136,660 Cost of goods sold 30,410 10,250 6,370 13,120 Gain on sale of plant assets Loss on from operations 9759 si-52580] 31, 2017 Solution a)")
Solution
a) Income from Operations $133,360 b) Income from Operations $133,360 Gain on sale of plant assets 30410 Less: Interest expenses -6370 Less: loss on discontinued operations -13120 Net Income $144,280 Net Income $144,280 c) Comprehensive Income Net Income 144280 Add: uNrealized gain on securities AFS 10250 Comprehensive Income 154530 d) Retained Earnings balance 139460 144280-4820 If any doubt please comment