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Herberto Company had a net income of $74,000 and other comprehensive loss of $8,500 for the year. On January 1, the retained earnings balance was

Herberto Company had a net income of $74,000 and other comprehensive loss of $8,500 for the year. On January 1, the retained earnings balance was $425,000, and the accumulated other comprehensive income balance was $52,000. a. Determine the comprehensive income for the year. b. Determine the retained earnings balance on December 31. $ C. Determine the accumulated other comprehensive income on December 31

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