Exercise 13-15 Preparing a statement of retained earnings LO C3 The following information is from Amos Company for the year ended December 31, 2019. a. Retained earnings at December 31, 2018 (before discovery of error), $853,000 b. Cash dividends declared and paid during the year, $26,000. C. Two years ago, it forgot to record depreciation expense of $49,600 (net of tax benefit). d. The company earned $218,000 in net income this year. Prepare a statement of retained earnings for Amos Company. (Amounts to be deducted should be indicated with a minus sign.) Answer is complete but not entirely correct. $ 853,000 AMOS COMPANY Statement of Retained Earnings For Year Ended December 31, 2019 Retained earnings, Dec. 31, 2018, as previously reported Prior period adjustment Depreciation expense not recorded (net of tax) Retained earnings, Dec 31, 2018, as adjusted Add: Net income Less: Dividends Retained earnings, Dec 31, 2019 OOO 26,000 879,000 218,000 49,600 $ 1,146,600