K E 2 Paragraph 5 4 Styles 5 6 7 b. Describe how the Exxon Mobil stock and the results will be disclosed on the income statement, balance sheet and statement of comprehensive income for 2020 and 2021. 2. On May 1, 2019, Delta Airlines buys 100 Sky Flight Food Service, Inc. bonds for $1,015 each. Delta classifies this investment as available for sale. This is the first available for sale investment Delta has recorded and the only item that affects comprehensive income during this time period. During 2019, Sky Flight pays all bondholders $42 interest per bond. At the end of 2019, the bonds of Sky flight are trading for $1,020 each. During 2020, sky flight pays all bondholders interest of $75 per bond. At the end of 2020, the bonds of sky flight are trading for $1,014 per bond. On May 1, 2021, Delta Airlines sells all of its sky flight bonds for $1,010 per bond. No interest was paid by sky flight in 2021. Net income Delta was $20 million in 2019, $16 million in 2020 and $18 million in 2021 after taxes. This does not include any gains or losses on the bonds. The tax rate is 20% for all years. Requirements: a. Show all the needed journal entries for the sky flight stock from purchase to sale. b. Show the statement of comprehensive income for 2019, 2020 and 2021. c. If accumulated other comprehensive income is $500,000 at the beginning of 2019, what is the accumulated other comprehensive income at the end of 2019, 2020 and 2021