3166 Prior Revios adjustments Scobic.Compuy began 2019 with a stried satningsbalance of S142.400. During o 16.2 an exaotivation of its accounting records on Descuss 31.2019. Scobic found it had made the followiog Josterul erfocs. for both financial reporting and income tax reporting, during 2018 1. Depreciation expense of $15,000 inadvertently had been recorded twice for the same machine 2. No accrual had been made at year-end for interest; therefore, interest expense had been understated by $4,000 Scobie's net income after taxes during 2019 was $60,000. The company has been subject to a 30% income tax rate for the past several years. It declared and paid dividends of $13,000 during 2019. Required: 1. Prepare whatever journal entries in 2019 are necessary to correct Scobie's books for its previous erron. Make your corrections directly to the Retained Earings account 2. Prepare the statement of retained earnings for 2019. SHOW ME HOW