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1. Capstone Corp. reported $150,000 of comprehensive income for 2014. It also reported the following: Initial retained earnings $300,000 Income from tax expenses $ 60,000

1. Capstone Corp. reported $150,000 of comprehensive income for 2014. It also reported the following:

Initial retained earnings

$300,000

Income from tax expenses

$ 60,000

End of Retained Earnings

$320,000

Cash Dividends Declared

$ 80,000

other comprehensive income

$ 50,000

What was Capstone's net income in 2014?


2. Capsule Corp. reported the following in 2014:

Initial retained earnings

$260,000

End of Retained Earnings

$290,000

Cash Dividends Declared

$90,000

Initial accumulated other comprehensive income

$20,000

Final accumulated other comprehensive income

$15,000

What was Capstone's comprehensive result for 2014?

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