At January 1 , 2 0 2 5 , Tamarisk Company reported retained earnings of $ 1 , 9 5 7 , 0 0 0 In 2 0 2 5 , Tamarisk discovered that 2 0 2 4 depreciation expense was understated by $ 3 9 1 , 4 0 0 In 2 0 2 5 , net income was $ 9 4 1 , 0 0 0 and dividends declared were $ 2 2 1 , 0 0 0 The tax rate is 2 0 Prepare a 2 0 2 5 retained earnings statement for Tamarisk Company

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At January 1 , 2 0 2 5 , Tamarisk Company reported retained earnings of $ 1 , 9 5 7 , 0 0 0

At January

1, 2025,

Tamarisk Company reported retained earnings of $

1, 957, 000 .

2025,

Tamarisk discovered that

2024

depreciation expense was understated by $

391, 400 .

2025,

net income was $

941, 000

and dividends declared were $

221, 000 .

The tax rate is

20 % .

Prepare a

2025

retained earnings statement for Tamarisk Company.

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