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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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