Complex Transactions, Unrealized Gains and Losses, Equity Method Investments, Pension Expense, Equity Compensation, Bond Discount. Mirat, Inc. had net income of $ 49,400 in the current year.
• Mirat experienced net unrealized losses on investment securities of $ 4,900 reported in net income and net unrealized losses of $ 2,200 reported in other comprehensive income.
• Mirat reported $ 7,300 in income from investments it accounts for under the equity method. It received $ 1,900 in cash dividends from these investments.
• Mirat determined that its pension expense for the year is $ 6,000 and contributed $ 6,100 into its plan during the year.
• Mirat expensed $ 3,400 of employee compensation paid in equity shares (a noncash expense).
• Mirat amortized $ 500 of bond discount. Prepare the operating section of the cash flow statement under the indirect method.