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Company XYZ had the following information during the year: Sales revenue of $500,000. Cost of goods sold of $38,000. Operating expenses of $85,200. Unrealized holding

Company XYZ had the following information during the year:

  1. Sales revenue of $500,000.
  2. Cost of goods sold of $38,000.
  3. Operating expenses of $85,200.
  4. Unrealized holding gain from available-for-sale securities of $12,500.
  5. Foreign currency translation losses of $2,210.
  6. Cash holdings of $101,150.
  7. Beginning retained earnings of $21,000.
  8. Beginning accumulated other comprehensive income of $32,000.

Compute (1) net income, (2) other comprehensive income, (3) comprehensive income, and (4) accumulated other comprehensive income.

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