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Gerardo Company had a net income of $75,000 and other comprehensive income of $12,500 for the year. On January 1, the retained earnings balance was
Gerardo Company had a net income of $75,000 and other comprehensive income of $12,500 for the year. On January 1, the retained earnings balance was $525,000 and the accumulated other comprehensive income balance was $55,000. a. Determine the comprehensive income for the year. $fill in the blank 1 b. Determine the retained earnings balance on December 31. $fill in the blank 2 c. Determine the accumulated other comprehensive income on December 31. $fill in the blank
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