Example 4 Maher Inc. Reports the following information for 2020: Net income is $284,000, and an unrealized holding loss on available-for-sale securities for 2020 of $60,000. Gains from foreign currency translation for 2020 of $80,000. It declared and paid a cash dividend of $100,000 in 2020. Tax rate is 30%. Maher Inc. has January 1, 2020 balance in common stock $300,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued new stock $100,000 during 2020. Required: (1). Prepare a statement of comprehensive income. (2). Prepare a statement of stockholder's equity