Goncalves Corporation had net income of $$250,000$ in the current year. They also had a gain on available for sale securities of $$55,000($after tax$)$ that was classified as other comprehensive income.

At the start of the year, retained earnings had a balance of $$80,000($credit$),$ and accumulated other comprehensive income was $$114,000($credit$).$

Required:

Prepare a statement of comprehensive income for the current year.

Determine the ending balance of accumulated other comprehensive income as of the end of the current year $-$ show the components in your answer.