Exercise 11-11 Preparing a statement of retained earnings LO C3 The following information is available for Amos Company for the year ended December 31, 2017. points a. Balance of retained earnings, December 31, 2016, prior to discovery of error, $855,000. b. Cash dividends declared and paid during 2017. $24,000. c. It neglected to record 2015 depreciation expense of $40,600, which is net of $6,500 in tax benefits. d. The company earned $210,000 in 2017 net income. Prepare a 2017 statement of retained earnings for Amos Company. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. AMOS COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 Prior period adjustment Depreciation expense error in 2015 (net of tax) $ 855,000 Less: Net loss Less: Dividends 40,600 X 814.400 210,000 24,000 $ 1,048,400