Click Submit to complete the assessment Question 12 Question 12 of 12 3.5 points At the 1% January 2019, the amount of Retained earnings reported by Moon Corporation is $2,700,000 During 2019, Moon Corporation issued common stocks of $980,000, declared and paid cash dividends of $250,000, and declared share dividends of $585,000, The amount of net income of 2019 reported by Moon Corporation is $2,000,000 Moon Corporation was required to make a correction of overstatement of depreciation expenses in prior years of $510,000 (net of tax) Required: How much was the retained earnings reported on 31st December, 20197 (Show your calculations), For the toolbar, press ALT+F10 (PC) or ALTNF 10 (Mac) BIS Paragraph Arial xx (1) 10pt EE A v XQ 32 - + T " B hp K no P : 0 WORDS POWERED BY TINY