Prepare other comprehensive income

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The following information is available for Irwin Company for 2018:

Net Income $113,000

Realized gain on sale of available-for-sale debt securities 12,000

Unrealized holding gain arising during the period on available-for-sale debt securities 37,000

Reclassification adjustment for gains included in net income 7,500

Question (a) Prepare other comprehensive income for 2018.

Question (b) Prepare comprehensive income for 2018.

Reference no: EM132513472

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