Question - For the year ended December 31, 201X, Sky Inc. reported the following.
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Net income
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$65,000
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Preferred dividends declared,
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$20,000
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Common dividend declared,
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$3,000
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Unrealized holding loss, net of tax; - Available-For-Sale-Securities
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$2,000
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Retained earnings
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$80,000
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Common stock,
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$40,000
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Accumulated Other Comprehensive Income, Beginning Balance
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5,000
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What would Sky report as its ending balance of accumulated other comprehensive income?