F 17.10

Hi I need help with the attached assignment, thanks

At December 31, 2017, the available-for-sale debt portfolio for Pearl, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $18,375 $15,750 B 13,125 14,700 1,575 C 24,150 26,775 2,625 $55,650 $57,225 1,575 Total $(2,625 ) Previous fair value adjustment balanceDr. Fair value adjustmentDr. 420 $1,155 On January 20, 2018, Pearl, Inc. sold security A for $15,855. The sale proceeds are net of brokerage fees. PearlInc. reports net income in 2017 of $126,000 and in 2018 of $147,000. Total holding gains (including any realized holding gain or loss) equal $42,000 in 2018. Prepare a statement of comprehensive income for 2017, starting with net income. PEARL, INC Statement of Comprehensive Income For the Year Ended December 31, 2017 $ $ Prepare a statement of comprehensive income for 2018, starting with net income. PEARL, INC Statement of Comprehensive Income For the Year Ended December 31, 2018 $ $ : $ $ $ $