Assume the same information as E14-9 and that Steffi Graf Inc. reports net income in 2008 of $120,000 and in 2009 of $140,000. Total holding gains (including any realized holding gain or loss) arising during 2009 total $40,000.
Instructions
(a) Prepare a statement of comprehensive income for 2008 starting with net income.
(b) Prepare a statement of comprehensive income for 2009 starting with net income.