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Hi can you help me fill this out? Exercise 17-10 At December 31, 2017, the available-for-sale debt portfolio for Bridgeport, Inc. is as follows. Unrealized
Hi can you help me fill this out?
Exercise 17-10 At December 31, 2017, the available-for-sale debt portfolio for Bridgeport, Inc. is as follows. Unrealized Security Gain (Loss) Cost Fair Value $123,375 $105,750 $(17,625) 98,700 88,125 10,575 162,150 17,625 179,775 $373,650 $384,225 Total 10,575 Previous fair value adjustment balance-Dr. 2,820 $7,755 Fair value adjustment-Dr. On January 20, 2018, Bridgeport, Inc. sold security A for $106,455. The sale proceeds are net of brokerage fees Bridgeport Inc. reports net income in 2017 of $846,000 and in 2018 of $987,000. Total holding gains (including any realized holding gain or loss) equal $282,000 in 2018. Prepare a statement of comprehensive income for 2017, starting with net income. BRIDGEPORT, INC Statement of Comprehensive Income For the Year Ended December 31, 2017 Net Income Other Comprehensive Income Unrealized Holding Gain Comprehensive Income
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