On Jamuary 1,2025, Whispering Inc. had cash and common stock of $62,520. At that date,...
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On Jamuary 1,2025, Whispering Inc. had cash and common stock of $62,520. At that date, the company had no other asset, liability, or stockholder' equity balances. On January 2, 2025, it purchased for cash $23,600 of debt securities that it classifed as avallable-forsale. It received interest of $3,020 during the year on these securities. In addition, it has an unrealized holding gain on these securities of $6,740 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) Comprehensiveincome (c) Other comprehensive income (d) Accumulated other comprehensive income
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