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Comprehensive Income On May 12, Year 1, Chewco Co. purchased 1,900 shares of Jedi Inc. for $49 per share, including the brokerage commission. The Jedi
Comprehensive Income On May 12, Year 1, Chewco Co. purchased 1,900 shares of Jedi Inc. for $49 per share, including the brokerage commission. The Jedi investment was classified as an available for sale security. On December 31, Year 1, the fair value of Jedi Inc. was $58 per share. The net income of Chewco Co. was $80,400 for Year 1. Compute the comprehensive income for Chewco Co. for the year ended December 31, Year 1. CHEWCO Co. Statement of Comprehensive Income For the Year Ended December 31, Year 1 Other Comprehensive Income (Loss)
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