DRM Preparing a statement of Stockholders' Equity with a Prior Period tror In 2013 the first year of operations for Sprint Co, the company reported net income of $90,000 and deared and paid dividerick 120.000 Noiems on December 31, 2019, the company had the following balance in Mockholders equity accounts other than retained in comune de 200 000 forintber comprehensive income, $10,000 debit balance. During 2020, the company reported net income of 175,000, dedared and paid dividend of Sec and reported a foreign of $17.000 after tax. Also in 2020, the company discovered that is 2019 depreciation expense was understated by 320.000 before to and the amount ismerhemery, formate of 25 Required Prepare a statement of stockholders equity for Sprint Co. for the year ended December 31, 2020 - Use negative is to indicate a debt balance or a decrease to stockholders' equity Sprint Co. Statement of Stockholders Equity For the Year Ended December 21, 2020 Common Stock Reta Carnings Accumulated og Dengbalance 200000 3000 Prior to add Nincome Dudents Other Comprehe income foreign currency translation adjustment to 5 Ending balance T30001 200000 15000 TODO 000 0 b. Prepare a separate statement of retained earnings for the year ended December 31, 2020 Use negative signs to indicate a debit balance or a decrease to stockholders' equity TAN Total Common Stock Retained Earnings Accumulated OCI 200000 S 62000 0 15000 D 16000 0 40000 Beginning balance Prior period adjustment Net income Dividends Other Comprehensive income Foreign currency translation adjustment, net of tax Ending balance 0 2000005 183000 b. Prepare a separate statement of retained earnings for the year ended December 31, 2020 Use negative signs to indicate a debit balance or a decrease to stockholders equity, Sprint Co. Statement of Retained Earnings For the Year Ended December 31, 2020 Retained earnings January 1, 2020 $ Prior period adjustment Adjusted balance January 1, 2020 Not income Dividends Retained earnings. December 31, 2020 5 Check