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8. For the year ended December 31, 2021, Wassel Inc. reported the following: Net income Preferred dividends declared Common dividend declared Unrealized holding gain,
8. For the year ended December 31, 2021, Wassel Inc. reported the following: Net income Preferred dividends declared Common dividend declared Unrealized holding gain, net of tax Retained earnings Common stock Accumulated Other Comprehensive Income, Beginning Balance $180,000 30,000 6,000 3,000 240,000 120,000 15,000 What would Wassel report as its ending balance of Accumulated Other Comprehensive Income? a. $18,000 b. $15,000 C. $12,000 d. $3,000
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