Income Statement and Related Information 4 - 25 121. Madsen Company reported the following information for 2011: Sales revenue $510,000 Cost of goods sold 350,000 Operating expenses 55,000 Unrealized holding gain on available-for-sale securities 40,000 Cash dividends received on the securities 2,000 For 2011, Madsen would report other comprehensive income of a. $137,000. b. $135,000. c. $42,000. d. $40,000. 122. Korte Company reported the following information for 2011: Sales revenue $500,000 Cost of goods sold 350,000 Operating expenses 55,000 Unrealized holding gain on available-for-sale securities 20,000 Cash dividends received on the securities 2,000 For 2011, Korte would report comprehensive income of a. $117,000. b. $115,000. c. $97,000. d. $20,000. 123. For the year ended December 31, 2011, Transformers Inc. reported the following: Net income $ 60,000 Preference dividends declared 10,000 Ordinary share dividends declared 2,000 Unrealized holding loss, net of tax 1,000 Retained earnings 80,000 Share capital Ordinary 40,000 Accumulated Other Comprehensive lncome, Beginning Balance 5,000 What would Transformers report as its ending balance of Accumulated Other Comprehensive Income? a. $6,000 b. $5,000 c. $4,000 d. $1,000