(Comprehensive Income Disclosure) Assume the same information as E17-9 and that Steffi Graf Inc. reports net income in 2006 of $120,000 and in 2007 of $140,000. Total holding gains (including any realized holding gain or loss) arising during 2007 total $40,000.

Instructions

(a) Prepare a statement of comprehensive income for 2006 starting with net income.

(b) Prepare a statement of comprehensive income for 2007 starting with net income.