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At January 1,2025 , Sunland Company reported retained earnings of $2,130,000. In 2025 , Sunland discovered that 2024 depreciation expense was understated by $426,000. In

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At January 1,2025 , Sunland Company reported retained earnings of $2,130,000. In 2025 , Sunland discovered that 2024 depreciation expense was understated by $426,000. In 2025 , net income was $903,000 and dividends declared were $300,000. The tax rate is 20%. Prepare a 2025 retained earnings statement for Sunland Company

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