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The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Net income Other comprehensive income: Change in net
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $25, ($13), and $22 in 2021, 2020, and 2019, respectively Other Total comprehensive income Years Ended December 31 2021 $922 2020 $752 2019 $607 38 (24) 30 (3) $957 (1) $727 $638 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows ($ in millions) 2021 2020 Shareholders' equity: Common stock 365 365 Additional paid-in capital 8,777 Retained earnings Accumulated other comprehensive income. 7,857 119 8,777 7,3011 84 Total shareholders' equity $17,118. $16,527 Required: 4. From the information provided, determine how Kaufman calculated the $119 million accumulated other comprehensive income in 2021. (Negative amount should be indicated by a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Accumulated other comprehensive income, 2020 Change in net unrealized gains on investments Change in "other" Accumulated other comprehensive income, 2021 (S in millions) S 0
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