Question: View Policies Current Attempt in Progress On January 1 , 2 0 2 5 , Novak line. had cash and common stock of $ 6

View Policies
Current Attempt in Progress
On January 1,2025, Novak line. had cash and common stock of $61,970. At that date, the company had no other asset, liability, or stockholders' equity balances. On January 2,2025, it purchased for cash $23,950 of debt securities that it classified as available-forsale. It received interest of $3,140 during the year on these securities. In addition, it has an unrealized holding gain on these securities of $5,320 net of tax. Determine the following amounts for 2025: (a) net income, (b) comprehensive income, (c) other comprehensive income, and (d) accumulated other comprehensive income (end of 2025).
(a) Net income
(b) Comprehensive income
(c) Other comprehensive income
(d) Accumulated other comprehensive income $
$
$
$
eTextbook and Media
 View Policies Current Attempt in Progress On January 1,2025, Novak line.

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