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Presented below is information related to Viel Company at December 31, 2014, the end of its first year of operations.

Sales revenue $317,760
Cost of goods sold 148,890
Selling and administrative expenses 50,370
Gain on sale of plant assets 31,400
Unrealized gain on available-for-sale investments 11,660
Interest expense 5,960
Loss on discontinued operations 11,410
Allocation to noncontrolling interest 40,530
Dividends declared and paid 4,960

Calculate Income from operations, comprehensive income, and the retained earnings balance of December 31,2014

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9447851

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