The Massoud Consulting Group reported net income of $1,388,000 for its fiscal year ended December 31, 2016. In addition, during the year the company experienced a foreign currency translation adjustment gain of $410,000 and had unrealized losses on investment securities of $60,000. The companys effective tax rate on all items affecting comprehensive income is 40%. Each component of other comprehensive income is displayed net of tax.

Required:

Prepare a separate statement of comprehensive income for 2016. (Amount to be deducted should be indicated with a minus sign.)

Net Income		$
Other comprehensive income (loss):
Foreign currency translation gain, net of tax	$
Unrealized losses on investment secruties, net of tax	$
Total other comprehensive income		$
Comprehensive income		$