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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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