Question
Steckly Company had the following balances on its balance sheet at Beginning of Year2. Both are positive equity account balances. Retained earnings $42,000 Accumulated other
Steckly Company had the following balances on its balance sheet at Beginning of Year2. Both are positive equity account balances.
Retained earnings | $42,000 |
Accumulated other comprehensive income | $4,000 |
For Year 2 Steckly reported net income of $23,000. They also reported Comprehensive income of $26,500. No dividends were declared or paid.
1: What was "Other Comprehensive income" during Year2? Blank 1
2: What will be the balance in Retained earnings on the Year2 balance sheet? Blank 2
3: What will be the balance in Accumulated other comprehensive income on the Year2 balance sheet? Blank 3
Do not use any punctuation in your numeric answer.
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