Alapaha Company's income from operations for the past three years is presented below ALAPAHA COMPANY INCOME FROM OPERATIONS FOR YEARS 20X1 THROUGH 20X3 20x2 20X3 20x1 240,000 S 225,000 180,000 During the 20x3 year end audit, the attached items have come to your attention. Prepare the necessary entries, in proper general journal form, to correct the books for the transactions listed above. Assume that the books have not been closed for the current year. Present comparative income statement data for the years 20X1 to 20X3, in accordance with generally accepted accounting principles, starting with income from operations. Ignore all income tax effects. Assume that the beginning retained earnings balance (unadjusted) for 20X1 was $630,000. At what adjusted amount should this beginning retained earnings balance for 20X1 be stated, assuming that comparative financial statements were prepared? Show appropriate calculations. Assume that the beginning retained earnings balance (unadjusted) for 20X3 is $900,000 and that noncomparative financial statements are prepared. At what adjusted amount should this beginning retained earnings balance be stated? Show appropriate calculations REQUIRED: (1) (2) (3) (4) Alapaha Company's income from operations for the past three years is presented below ALAPAHA COMPANY INCOME FROM OPERATIONS FOR YEARS 20X1 THROUGH 20X3 20x2 20X3 20x1 240,000 S 225,000 180,000 During the 20x3 year end audit, the attached items have come to your attention. Prepare the necessary entries, in proper general journal form, to correct the books for the transactions listed above. Assume that the books have not been closed for the current year. Present comparative income statement data for the years 20X1 to 20X3, in accordance with generally accepted accounting principles, starting with income from operations. Ignore all income tax effects. Assume that the beginning retained earnings balance (unadjusted) for 20X1 was $630,000. At what adjusted amount should this beginning retained earnings balance for 20X1 be stated, assuming that comparative financial statements were prepared? Show appropriate calculations. Assume that the beginning retained earnings balance (unadjusted) for 20X3 is $900,000 and that noncomparative financial statements are prepared. At what adjusted amount should this beginning retained earnings balance be stated? Show appropriate calculations REQUIRED: (1) (2) (3) (4)