Question: please help me find the right answer Reporting Comprehensive Income with Reclassification Adjustments Phelps Company reported the following amounts this past year. - Revenues, $25,000.

please help me find the right answer

Reporting Comprehensive Income with Reclassification Adjustments Phelps Company reported the following amounts this past year. - Revenues, $25,000. - Expenses, \$15,000. - Realized loss on sale of AFS debt investments, $2,500. - Reclassification adjustment for AFS debt investments sold during the period, \$2,500. - Unrealized holding gain on currently held AFS debt investments, $500. Ignoring income taxes, calculate (a) net income and (b) comprehensive income. Note: Indicate a loss with a negative sign

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