Exercise 17-10 At December 31, 2017, the available-for-sale debt portfolio for Sunland, Inc. is as follows. Unrealized Gain SecurityCost F air Value(Loss) $228,375 $195,750 $(32,625) 182,700 332,775 19,575 32,625 19,575 5,220 $14,355 163,125 300,150 Tota $691,650 $711,225 Previous fair value adjustment balance-Dr. Fair value adjustment-Dr On January 20, 2018, Sunland, Inc. sold security A for $197,055. The sale proceeds are net of brokerage fees. SunlandInc. reports net income in 2017 of $1,566,000 and in 2018 of $1,827,000. Total holding gains (including any realized holding gain or loss) equal $522,000 in 2018 Your answer is partially correct. Try again Prepare a statement of comprehensive income for 2017, starting with net income. SUNLAND, INC Statement of Income For the Year Ended December 31, 2017 Unrealized Holding Gai Your answer is partially correct. Try again. Prepare a statement of comprehensive income for 2018, starting with net income. SUNLAND, INC For the Year Ended December 31, 2018 et Holding Gains Reclassification Adjustme mulated Other inning Balance, January 1, 201 urrent Period Other Com unt Reclassified from Accumulated Other Comprehensive I Unrealized Holding Gai Balance, December 31, 201