Mansfield Company began operations on January 1, 2008, and purchased temporary investments in marketable securities during the year at a cost of \(\$ 123,000\). The end-of-period market value for these investments was \(\$ 137,000\). Net income was \(\$ 151,000\) for 2008 . Determine

(a) the reported amount of marketable securities on the December 31, 2008, balance sheet and

(b) the comprehensive income for 2008. Assume a tax rate of \(40 \%\).

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