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The comparative balance sheets for Wellington Inc. reported the following information at December 31, year 1 and year 2: December 31 Year 2 Year 1

The comparative balance sheets for Wellington Inc. reported the following information at December 31, year 1 and year 2:

December31

Year 2

Year 1

Retained earnings

$210,000

$140,000

Accumulated other comprehensive income

$30,000

$35,000

Wellington declared cash dividends of $20,000 in year 2. The decrease in accumulated other comprehensive income for year 2 was due to unrealized losses on available-for-sale securities. For the year ended December 31, year 2, what was Wellingtons comprehensive income?

  • $95,000

  • $85,000

  • $90,000

  • $65,000

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