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Prepare an statement of retained earnings for amos company

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Reference no: EM132869103

The following information is from Amos Company for the year ended December 31, 2019.

  1. Retained earnings at December 31, 2018 (before discovery of error), $860,000.
  2. Cash dividends declared and paid during the year, $13,000.
  3. Two years ago, it forgot to record depreciation expense of $38,600 (net of tax benefit).
  4. The company earned $212,000 in net income this year.

Question 1: Prepare an statement of retained earnings for Amos Company. (Amounts to be deducted should be indicated with a minus sign.)

Reference no: EM132869103

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