The following is from the 2016 annual report of Kaufman Chemicals, Inc.:

Statements of Comprehensive Income

Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows:

Required:
1. What is comprehensive income and how does it differ from net income?
2. How is comprehensive income reported in a balance sheet?
3. Why is Kaufman's 2016 balance sheet amount different from the 2016 amount reported in the disclosure note? Explain.
4. From the information provided, determine how Kaufman calculated the $107 million accumulated other comprehensive income in 2016.

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Years Ended December 31 2016 2015 2014 $856 $766 $594 Net income Other comprehensive income Change in net unrealized gains on investments, net of tax of $22, (14), and $15 in 2016, 2015, and 2014, respectively Other 34 (21) 23 Total comprehensive income $888 $744 $618 ($ in millions) 2016 2015 Shareholders' equity: Common stock 355 8,567 6,544 107 355 8,567 5,988 75 Additional paid-in capital Retained earnings Accumulated other comprehensive income Total shareholders equity $15,573 $14,985