Brief Exercise 22-7 At January 1, 2017, Coronado Company reported retained earnings of $1,943,000. In 2017, Coronado discovered that 2016 depreciation expense was understated by $414,000. In 2017, net income was $943,000 and dividends declared were $265,000. The tax rate is 40%. her Prepare a 2017 retained earnings statement for Coronado Company. CORONADO COMPANY Retained Earnings Statement By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor