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17 8 pts At December 31, 2020 Bothell Company's equity section showed the following accounts: Retained Earnings $2,000,000 Accumulated Other Comprehensive Income $500,000 Common Stock
17 8 pts At December 31, 2020 Bothell Company's equity section showed the following accounts: Retained Earnings $2,000,000 Accumulated Other Comprehensive Income $500,000 Common Stock $3,000,000 Total Equity $5,500,000 During the year Bothell had Net Income of $250,000, and a translation gain on it's Italian subsidiary of $$80,000 before tax. No dividends were paid. 1. Prepare a separate statement of comprehensive income for 2021 assuming the tax rate is 25% 2. Prepare the equity section of Bothell's balance sheet as of December 31, 2021 Upload Choose a File
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