Matrix, Inc., reported a net gain of $69,000 on its foreign assets due to the weakening of the U.S. dollar in 2013. In the same year, the company disclosed unrealized gains of $1,598,000 on its available-for-sale securities and a $188,000 unrealized gain on its trading securities. The company also reported a $927,000 loss on the sale of some equipment.

Which of the following best describes the impact of these transactions on Matrix, Inc.s accounts?

Select one:

a. $1,855,000 increase to net income.

b. $1,667,000 increase to accumulated other comprehensive income.

c. $1,667,000 increase to net income.

d. $257,000 increase to accumulated other comprehensive income.

e. None of the above