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At January 1, 2020, Carla Company reported retained earnings of $2,295,000. In 2020, Carla discovered that 2019 depreciation expense was understated by $459.000. In 2020,

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At January 1, 2020, Carla Company reported retained earnings of $2,295,000. In 2020, Carla discovered that 2019 depreciation expense was understated by $459.000. In 2020, net income was $982,000 and dividends declared were $253,000. The tax rate is 20% Prepare a 2020 retained earnings statement for Carla Company. CARLA COMPANY Retained Earnings Statement >

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