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pls answer At December 31, 2020, the available-for-sale debt portfolio for Steffi Graf, Inc. is as follows. B Unrealized Security Cost Fair Value Gain (Loss)
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At December 31, 2020, the available-for-sale debt portfolio for Steffi Graf, Inc. is as follows. B Unrealized Security Cost Fair Value Gain (Loss) $17,500 $15,000 $12.500) 12,500 14,000 1,500 23,000 25,500 2.500 Total $53,000 $54,500 1,500 Previous fair value adjustment balance- 400 Dr. Fair value adjustment-Dr. $1,100 On January 20, 2021. Steth Grat, Inc. sold security A for $15,100. The sale proceeds are net of brokerage fees Steffi Graf, Inc. reports net income in 2020 of $120,000 and in 2021 of $140.000. Total holding gains (including any realized holding gain or loss) equal $40,000 in 2021. (a) Your answer is correct. Prepare a statement of comprehensive income for 2020, starting with net income. STEFFI GRAF, INC Statement of Comprehensive Income For the Year Ended December 31, 2020 Net Income 5 120000 Other Comprehensive Income Unrealized Holding Gain 1100 Comprehensive Income 121100 Prepare a statement of comprehensive income for 2021, starting with net income. STEFFI GRAF, INC Statement of Comprehensive Income $ e Textbook and Media
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