E4.1 (LO2, 5) (Compute Income Measures) Presented below is information related to Viel AG at December 31, 2019, the end of its first year of operations.
\begin{tabular}{|l|r|}
\hline Sales revenue & \( € 310,000 \) \\
\hline Cost of goods sold & 140,000 \\
\hline Selling and administrative expenses & 50,000 \\
\hline Gain on sale of plant assets & 30,000 \\
\hline Unrealized gain on non-trading equity securities & 10,000 \\
\hline Interest expense & 6,000 \\
\hline Loss on discontinued operations & 12,000 \\
\hline Allocation to non-controlling interest & 40,000 \\
\hline Dividends declared and paid & 5,000 \\
\hline
\end{tabular}
Instructions
Compute the following: (a) income from operations, (b) net income, (c) net income attributable to Viel AG controlling shareholders, (d) comprehensive income, and (e) retained earnings balance at December 31, 2019.