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Cullumber Company purchased $1090000 of 8%, 5-year bonds from Marigold, Inc. on January 1, 2021, with interest payable on Jul 1 and January 1. The
Cullumber Company purchased $1090000 of 8%, 5-year bonds from Marigold, Inc. on January 1, 2021, with interest payable on Jul 1 and January 1. The bonds sold for $1139896 at an effective interest rate of 7%. Using the effective interest method, Cullumber Company decreased the Available-for-Sale Debt Securities account for the Marigold, Inc. bonds on July 1, 2021 and December 31, 2021 by the amortized premiums of $3148 and $3292, respectively. At December 31, 2021, the fair value of the Marigold, Inc. bonds was $1173000. What should Cullumber Company report as other comprehensive income and as a separate component of stockholders' equity? $33104 $6440 $0 $39544
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