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Major Medical reported a net lossAOCI in last years balance sheet. This year, the company...

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Accounting

Major Medical reported a net lossAOCI in last years balance sheet. This year, the company revised its estimate of future salary levels causing its PBO estimate to decline by $6 million. Also, the $10 million actual return on plan assets fell short of the $15 million expected return. How does this gain and loss affect Majors income statement, statement of comprehensive income, and balance sheet? (Enter your answers in millions.) image

Income statement: Net income Comprehensive income statement: Gain-OCI Loss-OCI Balance sheet

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