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Nguyen Imports, Inc. opened on July 1 , Year 1 , with $ 3 2 5 , 0 0 0 from the sale of common

Nguyen Imports, Inc. opened on July 1, Year 1, with $325,000 from the sale of common stock. The company reported $808,600 in net income for the year ended June 30, Year 2,(its first year of operations). On June 1, Year 2, a $13,000 dividend was declared. (The dividend was paid on July 1.) Nguyen reported a $6,500 foreign currency translation adjustment loss for the year. The companys tax rate was 25%. What was the balance in Accumulated Other Comprehensive Income on June 30, Year 2?
Select one:
a. $4,875 credit balance
b. $4,875 debit balance
c. $0
d. $6,500 credit balance
e. $6,500 debit balance

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