Accounting principles require that companies include a disclosure of "comprehensive income" in the financial statements. The most common form of disclosure is to add a separate financial statement called something like "Statement of Comprehensive Income." Comprehensive income is a combination of net income from the income statement and some specially designated items that are considered to be "other comprehensive income." Comprehensive income = Net income + other comprehensive income (Note that the terms in the formula above above are generic. Losses are negative income.) The most common example of other comprehensive income is unrealized gains or losses on certain types of investments. For example, assume Carolina Company invested $67000 in the bonds of Young Company on June 30, Year1. At December 31, Carolina Company still owned the Young Company bonds. At December 31, Year1, the Young Company bonds were worth $70000. The Young Company bonds have appreciated $3000. The gain is considered to be unrealized because the investment was not sold. The unrealized gain would be recorded by Carolina Company in an entry that increases the investment account (an asset) by $3000 and increases equity by $3000. The unrealized gain is excluded from net income. Rather, it is considered to be an item of "other comprehensive income." Assume that for Year1, Carolina Company reports $247000 of net income on the income statement. Using the facts above, what would Carolina Company report as Comprehensive Income for Year1