Richman Company purchased $900,000 of 9%, 5-year bonds from Carlin, Inc. on January 1, 2014, with interest payable on July 1 and January 1. The bonds sold for $936,499 at an effective interest rate of 8%. Using the effective interest method, Richman Company decreased the Available-for-Sale Debt Securities account for the Carlin, Inc. bonds on July 1, 2014 and December 31, 2014 by the amortized premiums.

At December 31, 2014, the fair value of the Carlin, Inc. bonds was $954,000. What is the approximate amount that Richman Company should report as 12/31/14accumulated other comprehensive income, a separate component of stockholders' equity?

Select one:

a.$23,702

b.$32,058

c.$6,480

d.$54,000

e.$11,299