2 At the 1st January 2019, the amount of Retained earnings reported by Moon Corporation is $2,500,000. During 2019, Moon Corporation and common stocks of $750,000 decland 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 $1,000,000 Moon Cop 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 31st December, 2019? (Show your calculations). For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac BIS Paragraph Arial 10pt EVE T " A IXO BY