At December 31, 2020, the available-for-sale debt portfolio for Cullumber, Inc. is as follows.

Security		Cost		Fair Value		Unrealized Gain (Loss)
A		$17,600		$14,200		$(3,400	)
B		11,000		14,800		3,800
C		23,400		26,300		2,900
Total		$52,000		$55,300		3,300
Previous fair value adjustment balanceDr.						300
Fair value adjustmentDr.						$3,000

On January 20, 2021, Cullumber, Inc. sold security A for $14,300. The sale proceeds are net of brokerage fees. Cullumber, Inc. reports net income in 2020 of $123,000 and in 2021 of $143,000. Total holding gains (including any realized holding gain or loss) equal $40,000 in 2021.

(a)

(a)

Prepare a statement of comprehensive income for 2020, starting with net income.

CULLUMBER, INC Statement of Comprehensive Income December 31, 2020For the Year Ended December 31, 2020For the Month Ended December 31, 2020 For the Year Ended December 31, 2020December 31, 2020For the Month Ended December 31, 2020
				$

(b)

(b)

Prepare a statement of comprehensive income for 2021, starting with net income.

CULLUMBER, INC Statement of Comprehensive Income For the Year Ended December 31, 2021December 31, 2021For the Month Ended December 31, 2021 For the Year Ended December 31, 2021December 31, 2021For the Month Ended December 31, 2021
				$
		$
				$
				$
		$
				$