Reference no: EM132254681
Question - The following information is available for Amos Company for the year ended December 31, 2017.
a. Balance of retained earnings, December 31, 2016, prior to discovery of error, $859,000.
b. Cash dividends declared and paid during 2017, $24,000.
c. It neglected to record 2015 depreciation expense of $45,600, which is net of $7,000 in tax benefits.
d. The company earned $209,000 in 2017 net income.
Required - Prepare a 2017 statement of retained earnings for Amos Company.
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