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Wheaties, Co. reported the following for the year ended December 31, 2020: Net Income $8,000,000 Common Stock 14,000,000 Preferred Stock 3,000,000 Unrealized holding loss, Fair

Wheaties, Co. reported the following for the year ended December 31, 2020:

Net Income

$8,000,000

Common Stock

14,000,000

Preferred Stock

3,000,000

Unrealized holding loss, Fair Value Hedge

800,000

Retained Earnings

2,225,000

Common Dividends, declared

300,000

Preferred Dividends, declared

50,000

Unrealized holding loss, pension assets

120,000

AOCI, beginning balance

475,000

Foreign Translation Adjustment Gain

55,000

2022 Tax Rate

25%

What would Wheaties report at December 31, 2022 as its ending balance in Accumulated Other Comprehensive Income (AOCI)?

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