(Solution) - On April 23 2010 Albert Co purchased 1 500 shares of -(2025 Original AI-Free Solution)

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On April 23, 2010, Albert Co. purchased 1,500 shares of Conover, Inc., for $55 per share including the brokerage commission. The Conover investment was classified as an available-for-sale security. On December 31, 2010, the fair value of Conover, Inc., was $65 per share. The net income of Albert Co. was $70,000 for 2010.
Prepare a statement of comprehensive income for Albert Co. for the year ended
December 31, 2010.