Robotics Company (RC) uses IFRS. For each of the transactions below, determine if RC recorded the transaction correctly (or incorrectly) by checking the appropriate column. If the transaction was recorded incorrectly, use the drop down menu below to indicate whether the proper treatment would result in an increase or decrease in (accumulated) other comprehensive income.

Transaction 1. During the current fiscal year RC reclassified a portion of its marketable securities from "held to maturity" to "available for sale." At year end, the company determined that the fair market value of these unsold available for sale securities exceeded the prior period end's fair value by $750,000. The company recorded an unrealized gain of $750,000 in its other comprehensive income account 2. In an attempt to reduce its cash flow volatility, RC completed a cash flow hedge transaction during the current reporting period. The effective and ineffective portions of the cash flow hedge transaction were $65,000 and $13,000, respectively. Although the cash flows pertaining to this transaction have not been realized, the company reported the $52,000 net transaction amount in other comprehensive income in the current fiscal period 3. At the end of the fiscal year, the company revalued its fixed tangible assets after determining that their total fair value exceeded the year end carrying value by $895,000. Because this was the first year that the fair value of the fixed assets differed from their carrying values, the company recorded the entire revaluation surplus in other comprehensive income 4. In the prior year, RC recorded an actuarial gain of $75,000 from its defined benefit plan. Although the actuarial gain was initially recorded in other comprehensive income, the company has reclassified $10,000 of this amount in the current fiscal year to the income statement. 5. During the closing process, the company closed its reported net income and positive other comprehensive income to retained earnings 6. During the third quarter of the current fiscal year the company completed an effective foreign currency hedge that resulted in a $65,000 translation gain reported in other comprehensive income. Because the hedge transaction was terminated in the following quarter upon the liquidation of the investment, the $65,000 translation gain was removed from other comprehensive income in the current fiscal year