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Gulf Coast Corporation reported the following for 2014: net sales $1,000,000; cost of goods sold $700,000; selling and administrative expenses $200,000; and an unrealized holding

Gulf Coast Corporation reported the following for 2014: net sales $1,000,000; cost of goods sold $700,000; selling and administrative expenses $200,000; and an unrealized holding gain on available-for-sale securities $30,000.

REQUIRED: Determine the following, ignoring income taxes.

Unless all supporting schedules and computations for every answer are presented in good traceable order, there will be NO credit

(a)$________________Net income.

(b)$_______________Other comprehensive income.

(c)$_______________Comprehensive income.

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