Can you help me with the Statement of Comprehensive Income
At December 31, 2017, the available-for-sale debt portfolio for Sheffield, Inc. is as follows. Security Cost Fair Value Unrealized Gain (Loss) A $228,375 $195,750 $(32,625 ) B 163,125 182,700 19,575 C 300,150 332,775 32,625 Total $691,650 $711,225 19,575 Previous fair value adjustment balance—Dr. 5,220 Fair value adjustment—Dr. $14,355 On January 20, 2018, Sheffield, Inc. sold security A for $197,055. The sale proceeds are net of brokerage fees. SheffieldInc. reports net income in 2017 of $1,566,000 and in 2018 of $1,827,000. Total holding gains (including any realized holding gain or loss) equal $522,000 in 2018. Prepare a statement of comprehensive income for 2017, starting with net income. SHEFFIELD, INC Statement of Comprehensive Income For the Year Ended December 31, 2017 $ 1566000 14355 $ 1580355 Prepare a statement of comprehensive income for 2018, starting with net income. SHEFFIELD, INC Statement of Comprehensive Income For the Year Ended December 31, 2018 $ 1827000 $ : $ $ $ $