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For the year ended December 31, 2010, Transformers Inc. reported the following: Net income$60,000Preferred dividends declared 10,000Common dividend declared 2,000Unrealized holding loss, net of tax1,000Retained

For the year ended December 31, 2010, Transformers Inc. reported the following: Net income$60,000Preferred dividends declared 10,000Common dividend declared 2,000Unrealized holding loss, net of tax1,000Retained earnings80,000Common stock40,000Accumulated Other Comprehensive Income, Beginning Balance5,000What would Transformers report as its ending balance of Accumulated Other Comprehensive Income?a)$5,000. b)$6,000.c)$1,000.d)$4,000

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