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AS OF JANUARY 1ST, 2021, DLB LAKERS, INC. HAD CASH OF $50,000 AND AN INVESTMENTS IN BONDS WITH A FAIR VALUE OF $32,000. THE DLB

AS OF JANUARY 1ST, 2021, DLB LAKERS, INC. HAD CASH OF $50,000 AND AN INVESTMENTS IN BONDS WITH A FAIR VALUE OF $32,000. THE DLB LAKERS, INC. HAD NO OTHER ASSETS AND NO LIABILITIES. DLB LAKERS, INC. STOCKHOLDERS EQUITY CONSISTED OF COMMON STOCK OF $50,000, RETAINED EARNINGS OF $20,000, AND ACCUMULATED OTHER COMPREHENSIVE INCOME OF $12,000. THE INVESTMENT IN BONDS WAS CLASSIFIED AS AN AVIALABLE FOR SALE SECURITY. IN THE YEAR 2021, DLB LAKERS, INC. RECEIVED INTEREST OF $2,300 FROM THE BONDS. IN ADDITION, IT HAD AN UNREALIZED HOLDING LOSS OF $4,000 NET OF TAX IN REGARD TO THE BONDS.

DETERMINE THE FOLLOWING AMOUNTS FOR 2021:

NET INCOME

COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE INCOME (AS OF END OF 2021)

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