Craftsman Corporation began operations on January 1, 2020 when $200,000 was invested by shareholders of the company. On March 1, 2020, Craftsman purchased for cash $120,000 of debt securities that it classified as available-for-sale. During the year, the company received cash interest of $8,200 on these securities. In addition, the company has an unrealized holding loss on these securities of $12,800 net of tax. Determine the following amounts for 2020: (a) net income, (b) comprehensive income, (c) other comprehensive income, and (d) accumulated other comprehensive income (end of 2020). (Enter negative amounts using either a negative sign preceding the number e. g. - 15 or parentheses e. g. (15).)
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