Question 62 1.5 pts Income before any of the following items is $500,000. (All numbers are net of taxes.) Unrealized gain on Trading Securities $200,000 Unrealized gain on Debt Available-for-sale Securities (OCI) 100,000 Realized loss on Discontinued Operations 400,000 Depreciation Expense of $300,000 was mistakenly omitted five years ago --Prior Service Cost What is Net Income? $900,000 $600,000 $0 $300,000 $800,000 Question 63 1.5 pts Income before any of the following items is $500,000. (All numbers are net of taxes.) Unrealized gain on Trading Securities $200,000 Unrealized gain on Debt Available-for-sale Securities (OCI) 100,000 Realized loss on Discontinued Operations 400,000 At the end of the period, how much is closed to retained earnings? $300.000 $700.000 O $400.000