Rock Co’s financial statements had the following information related to its 2019 financial statements: 

Gain on sale of equipment 50,000.00 

Foreign currency translation gain 100,000 

Net income 500,000 

Unrealized gain on Trading securities 50,000 

Gross profit 80,000 

Loss due to minimum pension liability adjustment (40,000) 

Accumulated other comprehensive income/(loss) 1/1/19 300,000 

Retained earnings 1/1/19 1,200,000 

Dividends declared 80,000 

Compute the following amounts for 2019: 

Other comprehensive income (loss) 

Comprehensive income (loss) 

Ending Accumulated other comprehensive income 

Ending Retained Earnings

Answer rating: 100% (QA)

To calculate comprehensive income Net income Foreign currency translation unrealized ... View the full answer