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What would Sky report as its ending balance

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Problem - For the year ended December 31, 201X, Sky Inc. reported the following.

Net income  

$65,000

Preferred dividends declared,  

$20,000

Common dividend declared,  

$3,000

Unrealized holding loss, net of tax; - Available-For-Sale-Securities  

$2,000

Retained earnings  

$80,000

Common stock,  

$40,000

Accumulated Other Comprehensive Income, Beginning Balance  

5,000

Required - What would Sky report as its ending balance of accumulated other comprehensive income?

Reference no: EM132455312

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