Brief Exercise 17-9

The following information relates to Novak Co. for the year ended December 31, 2017: net income 1,138 million; unrealized holding loss of $10.3 million related to available-for-sale debt securities during the year; accumulated other comprehensive income of $52.1 million on December 31, 2016. Assuming no other changes in accumulated other comprehensive income.

Determine (a) other comprehensive income for 2017,

(b) comprehensive income for 2017, and

(c) accumulated other comprehensive income at December 31, 2017.

(Enter answers in millions to 1 decimal place, e.g. 25.5. Enter loss using either a negative sign preceding the number e.g. -45.2 or parentheses e.g. (45.2).)

(a)Other comprehensive income(loss) for 2017$

million

(b)Comprehensive income for 2017$

million

(c)Accumulated other comprehensive income$

million