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On January 1, 2022, Skysong, Inc. had cash and common stock of $198000. At that date, the company had no other asset, liability or
On January 1, 2022, Skysong, Inc. had cash and common stock of $198000. At that date, the company had no other asset, liability or equity balances. On January 2, 2022, it purchased $178000 of equity securities for cash that it classified as available-for-sale. It received cash dividends of $13800 during the year on these securities. In addition, it had an unrealized holding gain on these securities of $33800 net of tax. Based on this information, what is the amount of comprehensive income in 2022? O $13800 $47600 O $20000 $33800
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