On January 1 2012 Richards Inc. had cash and common stock of $64330. At that dat

On January 1 2012 Richards Inc. had cash and common stock of $64330. At
that date the company had no other asset liability or equity balances. On
January 2 2012 it purchased for cash $23010 of equity securities that it
classified as available-for-sale. It received cash dividends of $4800 net of
tax during the year on these securities. In addition it has an unrealized
holding gain on these securities of $6240 net of tax. Determine the following
amounts for 2012: (a) net income; (b) comprehensive income; (c) other
comprehensive income; and (d) accumulated other comprehensive income (end of
2012).