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5. (TCO C) For the year ended December 31, 201X, Sky Inc. reported the following.

Net income  
$65,000
Preferred dividends declared,
 
$20,000
Common dividend declared,
 
$3,000
Unrealized holding loss, net of tax; – Available-For-Sale-Securities
 
$2,000
Retained earnings
 
$80,000
Common stock,
 
$40,000
Accumulated Other Comprehensive Income, Beginning Balance
 
5,000


What would Sky report as its ending balance of accumulated other comprehensive income? (Points : 20)

 

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