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Collins Company has the following information from its accounting records on December 31 42,700O Corection of previous year error, resulting in additional income 28,600 190,000

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Collins Company has the following information from its accounting records on December 31 42,700O Corection of previous year error, resulting in additional income 28,600 190,000 41% Accumulated Depreciation Begining Retained Eamings Cash Dividends Declared 379,000Net Income 50,914 m ax rate 58,209 as Required Prepare a statement of retained earnings on December 31 Collins Company tatement For Year Ended, December 31 Beginning Retained Earnings 379,000 Choose one Adjusted Beginning Retained Eamings 379,000 Choose one Ending Retained Eamings 379,000

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