1 ^ (St); \$2,500,000; \$750,000 At the January 2019 , the amount of Retained earnings reported by Moon Corporation is . During 2019 , Moon Corporation issued common stocks of , declared and paid cash dividends of and declared share dividends of $ 320,000 . The amount of net income of 2019 reported by Moon Corporation is . Moon Corporation was required to make a correction of understatement of depreciation expenses in prior years of $ 430,000 ( net of tax ) . \$140,000,; \$1,000,000 Required : How much was the retained earnings reported on 31 ^ S December , 2019 ? ( Show your calculations )

Question 2 3.5 points Save Answer At the 15 January 2019, the amount of Retained earnings reported by Moon Corporation is $2,500,000. During 2019, Moon Corporation issued common stocks of $750,000, declared and paid cash dividends of $140,000, and declared share dividends of $320,000. The amount of net income of 2019 reported by Moon Corporation is $1,000,000 Moon Corporation was required to make a correction of understatement of depreciation expenses in prior years of $430,000 (net of tax) Required: How much was the retained earnings reported on 315 December, 2019? (Show your calculations). OF ALTENA10