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Create a statement of retained earnings for Amos Company

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Reference no: EM132520079

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

a. Retained earnings at December 31, 2018 (before discovery of error), $851,000.

b. Cash dividends declared and paid during the year, $22,000.

c. Two years ago, it forgot to record depreciation expense of $52,600 (net of tax benefit).

d. The company earned $209,000 in net income this year.

Required - Create a statement of retained earnings for Amos Company.

Reference no: EM132520079

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