Reporting Comprehensive Income, Retained Earnings, Accumulated OCI The following excerpts are from the annual financial statements of KPNG, Inc. KPNG, Inc. Statement of Comprehensive Income For Year Ended December 31, Current Year Net Income $200,000 Other comprehensive income, net of tax Net unrealized holding loss on available-for-sale securities (24,000) Gain on pension benefit plan 2,400 Other comprehensive loss Comprehensive income (21,600) $178,400 KPNG, Inc. Stockholders' Equity Section As of December 31 Common stock $2,000 Current Year Prior Year $2,000 Paid-in capital in excess of par 600.000 600,000 Retained earnings 500,000 300,000 Accumulated other comprehensive income (loss) (15,600) Total stockholders' equity $1,086,400 6,000 $908,000 Required NOTE: Use a negative sign with any answer that is a loss. a. What is comprehensive income (loss) for the current year ended December 31? $ What is the accumulated other comprehensive income (loss) as of December 31 of the current year? $ b. Prepare a reconciliation of retained earnings from December 31 of the prior year to December 31 of the current year assuming that no dividends were declared in the current year. Retained earnings, December 31, Prior Year S Net income (loss) Retained earnings, December 31, Current Year S c. Prepare a reconciliation of accumulated other comprehensive income (loss) from December 31 of the prior year to December 31 of the current year. Accumulated other comprehensive income (loss), December 31, Prior Year Other comprehensive income (loss) $ Accumulated other comprehensive income (loss), December 31, Current Year $ Check