Question 4

Company XYZ had the following information during the year:

1.Sales revenue of $500,000.

2.Cost of goods sold of $38,000.

3.Operating expenses of $85,200.

4.Unrealized holding gain from available-for-sale securities of $12,500.

5.Foreign currency translation losses of $2,210.

6.Cash holdings of $101,150.

7.Beginning retained earnings of $21,000.

8.Beginning accumulated other comprehensive income of $32,000.

Compute (1) net income, (2) other comprehensive income, (3) comprehensive income, and (4) accumulated other comprehensive income.