What was other comprehensive income

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Reference no: EM131260299

Steckly Company had the following balances on its balance sheet at Beginning of Year 2. Both are positive equity account balances.

Retained earnings

$42,000

Accumulated other comprehensive income

$4,000

For Year 2 Steckly reported net income of $23,000. They also reported Comprehensive income of $26,500. No dividends were declared or paid.

1: What was "Other Comprehensive income" during Year2? Blank 1

2: What will be the balance in Retained earnings on the Year2 balance sheet? Blank 2

3: What will be the balance in Accumulated other comprehensive income on the Year2 balance sheet? Blank 3

Do not use any punctuation in your numeric answer.

Reference no: EM131260299

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