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Willie Nelson, Jr . , controller for Bramble Corporation, is preparing the company's financial statements at year - end. Currently, he is focusing on the

Willie Nelson, Jr., controller for Bramble Corporation, is preparing the company's financial statements at year-end. Currently, he is
focusing on the income statement and determining the format for reporting comprehensive income. During the year, the company
earned net income of $432,400 and had unrealized gains on available-for-sale debt securities of $14,520. In the previous year, net
income was $442,660, and the company had no unrealized gains or losses.
(a)
Show how income and comprehensive income will be reported on a comparative basis for the current and prior years, using the
two statement format.
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