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Buster Corporation has the following items for the year ending December 31,20XX Retained earnings, balance, January 1 - $1,600,000; Corrected an error that had understated

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Buster Corporation has the following items for the year ending December 31,20XX Retained earnings, balance, January 1 - $1,600,000; Corrected an error that had understated the net income two years ago - 70,000 ; Net Income (current year) - 150,000; Stock Dividends - $10,000 Cash Dividends - $45,000 Instructions: prepare in proper format the retained earnings statement. Attach File

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