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Uko Inc. has the following balances in Shareholders Equity Accounts at the end of Year 3 : Common stock $300,000 Retained earnings $ 42,000 Accumulated

Uko Inc. has the following balances in Shareholders Equity Accounts at the end of Year 3:

Common stock $300,000
Retained earnings $ 42,000
Accumulated other comprehensive income (AOCI) $ 7,000

During Year 4, Uko reported Net income of $36,000. They also reported other comprehensive income of $6,500. Uko paid dividends of $1,200 to shareholders for Year4.

1. What will Uko report as AOCI (Accumulated other comprehensive income) as of 12/31/Year4 on the balance sheet? Blank 1

2. What will Uko report as Retained earnings as of 12/31/Year4 on the balance sheet? Blank 2

Do not use $ signs or any punctuation in your answers, please.

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