Silver Lining Corporation, a public company, is a large silver producer. Selected condensed information (in millions) for Silver Lining Corporation follows for the year ended September 30, 2024:

Cost of sales................................................................ $2,214 

Loss from investment in associate ...................................6

Silver sales ......................................................................3,350 

Income tax expense ...........................................................60 

Interest expense ..................................................................7 

Interest revenue .................................................................38 

Operating expenses ..........................................................639 

Dividend revenue ..................................................................6 

Investment income or (loss) .............................................(27) 

OCI—holding gain, net of taxes of $5 .............................. 12  

Instructions 

a. Prepare an income statement and a separate statement of comprehensive income for the year ended September 30, 2024. 

b. Silver Lining Corporation had an opening balance in its Accumulated Other Comprehensive Income account of $49 million. What is the ending balance it would report in the shareholders’ equity section of its balance sheet at September 30, 2024?