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Purnell Industries had the following account balances at 12/31/20 (the end of its fiscal year): Sales revenue $2,800,000 Selling expense $360,000 Foreign currency translation adjustment,

Purnell Industries had the following account balances at 12/31/20 (the end of its fiscal year):

Sales revenue $2,800,000 Selling expense $360,000
Foreign currency translation adjustment, gain 12,500 Interest expense 32,000
General and administrative expense 285,000 Cost of goods sold 1,585,000
Gain on sale of investments 21,500 Interest income 16,300

The companys tax rate was 25%.

Purnell Industries reported $_____________ in Other comprehensive income in its Statement of Comprehensive Income in 2020.

Select one:

a. $12,500

b. $25,500

c. $9,375

d. $34,000

e. $16,125

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