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The following is from the 2024 annual report of Kaufman Chemicals, Inc.: Total comprehensive income Kaufman reports accumulated other comprehensive income in its balance sheet

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The following is from the 2024 annual report of Kaufman Chemicals, Inc.: Total comprehensive income Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: Required: 1. What is comprehensive income and how does it differ from net income? 2. How is comprehensive income reported in a balance sheet? 3. From the information provided, determine how Kaufman calculated the \$107 million accumulated other comprehensive income in 2024

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