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Exercise 17-10 (Part Level Submission) At December 31, 2017, the available-for-sale debt portfolio for Nash, Inc. is as follows. Unrealized Gain (Loss) Security Cost Fair

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Exercise 17-10 (Part Level Submission) At December 31, 2017, the available-for-sale debt portfolio for Nash, Inc. is as follows. Unrealized Gain (Loss) Security Cost Fair Value $132,125 $113,250 94,375 105,700 173,650 192,525 Total $400,150 $411,475 Previous fair value adjustment balance-Dr. Fair value adjustment-Dr. $(18,875) 11,325 18,875 11,325 3,020 $8,305 On January 20, 2018, Nash, Inc. sold security A for $114,005. The sale proceeds are net of brokerage fees. Nash Inc. reports net income in 2017 of $906,000 and in 2018 of $1,057,000. Unrealized holding gains and gains equal $302,000 in 2018, (a) Prepare a statement of comprehensive income for 2017, starting with net income. NASH, INC Statement of Comprehensive Income For the Year Ended December 31, 2017 $ Click if you would like to Show Work for this question: Open Show Work

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