Pharoah Company purchased $3200000 of 9%, 5-year bonds from Wildhorse. Inc on January 1, 2021, with interest payable on July 1 and January 1. The bonds sold for $3324740 at an effective interest rate of 8%. Using the effective interest method. Pharoah Company decreased the Available for Sale Debt Securities account for the Wildhorse, Inc bonds on July 1, 2021 and December 31, 2021 by the amortized premiums of $11020 and $11380, respectively At December 31, 2021, the fait value of the Wildhorse, Inc. bonds was $3380000. What should Pharoah Company report as other comprehensive income and as a separate component of stockholders equity? O No entry should be made O $77660 O $55260 522400