Current Attempt in Progress

At January $1,2025,$ Stellar Company reported retained earnings of $$2,172,000.$ In $2025,$ Stellar discovered that $2024$ depreciation expense was understated by $$434,400.$ In $2025,$ net income was $$898,000$ and dividends declared were $$202,000.$ The tax rate is $20\%.$

Prepare a $2025$ retained earnings statement for Stellar Company.

STELLAR COMPANY Retained Earnings Statement

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