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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:
- Sales revenue of $500,000.
- Cost of goods sold of $38,000.
- Operating expenses of $85,200.
- Unrealized holding gain from available-for-sale securities of $12,500.
- Foreign currency translation losses of $2,210.
- Cash holdings of $101,150.
- Beginning retained earnings of $21,000.
- 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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