Presented below is information related to Viel Company at December 31, 2012, the end of its first year of operations.

Sales   revenue

$310,000

Cost of   goods sold

140,000

Selling   and administrative expenses

50,000

Gain on   sale of plant assets

30,000

Unrealized   gain on non trading equity securities

10,000

Interest   expense

6,000

Loss on   discontinued operations

12,000

Allocation   to non controlling interest

40,000

Dividends   declared and paid

5,000

Instructions

Compute the following:

(a) income from operations, (b) net income, (c) net income attributable to Viel Company controlling shareholders, (d) comprehensive income, and (e) retained earnings balance at December 31, 2012. (Ignore income taxes.)