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$ 245,000 480,000 1,500,000 150,000 6,000,000 Leonard Corporation reports the following information: Correction of overstatement of cost of goods sold in prior years, net of

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$ 245,000 480,000 1,500,000 150,000 6,000,000 Leonard Corporation reports the following information: Correction of overstatement of cost of goods sold in prior years, net of tax Dividends declared Comprehensive income Unrealized loss on available for sale securities, net of tax Retained earnings, 1/1/18, as reported Leonard should report retained earnings, 12/31/18, at a. $7,415,000. b. $7,265,000. c. $7,115,000. d. $6,925,000. e. $6,775,000. f. $6,625,000. tuear

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