2.29 Company H had the following information relating to 19X2: Net Income Dividends Declared Dividends Paid $100,000 20,000 25,000 Retained Earnings, Jan. 1 400,000 Error in 19X1: Understatement of Revenue 28,000 Tax rate, 19X1 30% Unusual Loss from Sale of Stock (21,000) Error in Depreciation Estimate, 19X1 (understatement) 7,000 Prepare a retained earnings statement