fin ste Annie May Bakery, Inc. reported a prior-period adjustment in 2024. An accounting error caused net income of prior years to be overstated by $5,000. Retained Earnings at December 31, 2023, as previously reported, was $38,000. Net income for 2024 was $77,000, and dividends declared were $29,000. Prepare the company's statement of retained earnings for the year ended December 31, 2024. yd ( mGen type y Saig 225) Ind my progr ervice ( Chnopolita Statement of Retained Earnings Year Ended December 31, 2024 Service( med Sapphire anned Sapph Help me solve this olunCheers Jnread 1 Reminders 42 Type here to search Etext pages Get more help Clear all Check answer All folders are up to m Connected Micro Exchange e Rain. 7/1 x *+ A End Home Insert F3 F4 F5 F6 F7 FB F9 F10 F11 F12 Al 4+ + Falconi Academy Surplus had 15,000 shares of common stock and 4,000 shares of 10%, $20 par value preferred stock outstanding through December 31, 2024 Income from continuing operations for 2024 was $242,000, and loss on discontinued operations (net of income tax saving) was $6,000, Compute Falcon's earnings per share for 2024, starting with income from continuing operations. Round to the nearest cent. (Enter all EPS amounts to the nearest incent, $XXX Use parentheses or a minus sign for amounts reducing the income from continuing operations.) zed 15/200 de Begin by selecting the formula to compute the earnings per share. Geni pe y ig 25) Ind progr Tvice ( nopolita ervice ( d Sapphire Earnings per share= (Net income-Preferred dividends)+Weighted average number of common shares outstanding Now, compute Falconi's earnings per share for 2024, starting with income from continuing operations. Earnings per Share of Common Stock (15,000 shares outstanding): Net Income tees, anca jare distri please com ety Matters This employe med Sapphi Help me solve this Etext pages Get more help - Clear all Check answer pde or weblin ng for $500 unCheers All folders are tod Conected Mic Exchange ad 1 Reminders: 42 Type here to search e Rain 11:22 AM 7/15/0022 T4 FI AI F2 4+ F3 F4 Xz -- *+ $ F5 A Home End Insert F6 F7 FB FO F10 F11 F12 & 8 9 10