Oriole Company purchased $1230000 of 8%, 5-year bonds from Sheffield, Inc. on January 1, 2021, with interest payable on

[answerhappygod]

Oriole Company purchased $1230000 of 8%, 5-year bonds from
Sheffield, Inc. on January 1, 2021, with interest payable on July 1
and January 1. The bonds sold for $1279896 at an effective interest
rate of 7%. Using the effective interest
method, Oriole Company decreased the Available-for-Sale
Debt Securities account for the Sheffield, Inc. bonds on July
1, 2021 and December 31, 2021 by the amortized premiums of
$4548 and $4692, respectively.

At December 31, 2021, the fair value of the Sheffield, Inc.
bonds was $1299000. What should Oriole Company report as
other comprehensive income and as a separate component of
stockholders’ equity?