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On January 1,2025, Blue Inc, had cash and common stock of $62,340. At that date,...

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Accounting

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On January 1,2025, Blue Inc, had cash and common stock of $62,340. At that date, the company had no other asset, liability, or stockholders' equity balances. On January 2,2025 , it purchased for cash $22,990 of debt securities that it classified as available-forsale. It received interest of $4,480 during the year on these securities. In addition, it has an unrealized holding gain on these securities of $5,100 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

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