The following information is from Amos Company for the year ended December 31, 2019. Retained earnings at December 31, 2018 (before discovery of error), $1,375,000. Cash dividends declared and paid during the year, $43,000. Two years ago, it forgot to record depreciation expense of $55,500 (net of tax benefit). The company earned $126,000 in net income this year. Prepare a statement of retained earnings for Amos Company. (Amounts to be deducted should be indicated with a minus sign.)
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The following information is from Amos Company for the year ended December 31, 2019. Retained earnin...
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