During the year ended December 31, 2016, Martinson International Corporation earned $4,200,000 in net income after taxes.

Question:

During the year ended December 31, 2016, Martinson International earned $4,200,000 in net income after taxes. The company reported $180,000 of net unrealized losses on available-for-sale securities, net of taxes, and $ 180,000 in foreign-currency translation losses from consolidation of its Brazilian subsidiary company, net of taxes.
Requirements
1. Prepare the Statement of Comprehensive Income for Martinson International for the year ended December 31, 2016. Use Exhibit 11-2 as an example.
2. Explain where the following items will appear in Martinson International Corporation's Statement of Stockholder's Equity for the year ended December 31, 2016:
a. Net income
b. Net unrealized losses from available-for-sale securities, net of taxes
c. Foreign-currency translation losses from consolidation of Brazilian subsidiary, net of taxes
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...