At December 31, 2017, the available-for-sale debt portfolio for Crane, Inc. is as follows.

Security Cost Fair Value Unrealized Gain (Loss)

A $149,625 $128,250 $(21,375 )

B 106,875 119,700 12,825

C 196,650 218,025 21,375

Total $453,150 $465,975 12,825

Previous fair value adjustment balanceDr. 3,420

Fair value adjustmentDr. $9,405

On January 20, 2018, Crane, Inc. sold security A for $129,105. The sale proceeds are net of brokerage fees. CraneInc. reports net income in 2017 of $1,026,000 and in 2018 of $1,197,000. Total holding gains (including any realized holding gain or loss) equal $342,000 in 2018.

A) Prepare a statement of comprehensive income for 2017, starting with net income.

Net Income $_______________________

Other comprehensive Income:

Unrealized holding gain: _______________________

Comprehensive income $========================

B)Prepare a statement of comprehensive income for 2018, starting with net income. CRANE, INC Statement of Comprehensive Income For the Year Ended December 31, 2018

_______________________ $______________________________

_______________________

_______________________ _____________________

+ or -______________________: _________________ _____________________ ___________________________________

______________________ $==================================

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_____________________ $__________________________________

____________________ $_______________________

____________________ ________________________

______________________ ___________________________________

______________________ $=================================