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*Exercise 17-10 At December 31, 2017, the available-for-sale debt portfolio for Novak, Inc. is as follows Unrealized Gain (Loss) Security Cost Fair Value $219,625 156,875 288,650 $665,150 $188,250 175,700 320,025 $683,975 $(31,375) 18,825 31,375 18,825 5,020 $13,805 Total Previous fair value adjustment balance-Dr Fair value adjustment-Dr On January 20, 2018, Novak, Inc. sold security A for $189,505. The sale proceeds are net of brokerage fees. NovakInc. reports net income in 2017 of $1,506,000 and in 2018 of $1,757,000. Total holding gains (including any realized holding gain or loss) equal $502,000 in 2018 Prepare a statement of comprehensive income for 2018, starting with net income. NOVAK, INC Statement of Comprehensive Income For the Year Ended December 31, 2018 et Income ther Comprehensive Income olding Gains dd: TReclassification Adjustment for Loss Included in Net Income omprehensive Incom $1757000 $502000 $228912 ccumulated Other Comprehensive Incom eginning Balance, January 1, 2018 urrent Period Other Comprehensive income mount Reclassified from Accumulated Other Comprehensive Income30120 nrealized Holding Gain nding Balance, December 31, 2018] 5020 $502000 32120 537130