Presented below is information related to Coronado Company at December 31, 2017, the end of its first year of operations. Sales
revenue $322,990 Cost of goods sold 143,460 Selling and administrative expenses 49,300 Gain on sale of plant assets 27,900 Unrealized gain on available-for-sale investments 9,390 Interest expense 5,590 Loss on discontinued operations 12,730 Dividends declared and paid 4,750 Compute the following: (a)Income from operations___$
(b)Net income ___ $
(c)Comprehensive income___$
(d)Retained earnings balance at December 31, 2017___$
Answer: The minimum wage should be raised to 15$ an hour because some students have trouble building stable plans for their future,they need as much help as they can get and aa raise would be a small but effective change.
