E4.

1 - Compute Income Measures

Sales revenue
Cost of goods sold
Gross profit
Selling and administrative expense

Other income and expense

Income from operation

Interest expense
Income from continuing operation
loss on discontinued operation
Net income
Allocation to non-controling interest
Net income attributable to controling shareholders

Net Income
Unrealized gain on available-for-sale financial assets
Comprehensive income

Net Income
Devidend declares and paid
Retained earning, December 2019
1 - Compute Income Measures

Sales revenue 310,000

Cost of goods sold 140,000
Gross profit 170,000
Selling and administrative expense 50,000
120,000
Other income and expense
Gain on sale of plant assets 30,000
Income from operation 150,000
Interest expense 6,000
Income from continuing operation 144,000
loss on discontinued operation 12,000
Net income 132,000
Allocation to non-controling interest 40,000
Net income attributable to controling shareholders 92,000

Net Income 132,000

Unrealized gain on available-for-sale financial assets 10,000
Comprehensive income 142,000

Net Income 132,000

Devidend declares and paid 5,000
Retained earning, December 2019 127,000
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