Given the following information, prepare Leopard Products Ltd.'s statement of retained earnings for the year ended December 31, 2020.

	An inventory error caused net income of the prior year to be overstated by $40,000.
	Retained Earnings at January 1, 2020, as previously reported, stood at $2,402,000.
	Net income for the year ended December 31, 2020, was $442,000.
	Dividends during 2020 were $58,000.

Complete the statement of retained earnings below. (Use parentheses or a minus sign when subtracting numbers.)

Given the following information, prepare Leopard Products Ltd.'s statement of retained earnings for the year ended December 31, 2020. An inventory error caused net income of the prior year to be overstated by $40,000. Retained Earnings at January 1, 2020, as previously reported, stood at $2,402,000. Net income for the year ended December 31, 2020, was $442,000. Dividends during 2020 were $58,000. Complete the statement of retained earnings below. (Use parentheses or a minus sign when subtracting numbers.) Leopard Products Ltd. Statement of Retained Earnings For the Year Ended December 31, 2020 Less: Given the following information, prepare Leopard Products Ltd.'s statement of retained earnings for the year ended December 31, 2020. An inventory error caused net income of the prior year to be overstated by $40,000. Retained Earnings at January 1, 2020, as previously reported, stood at $2,402,000. Net income for the year ended December 31, 2020, was $442,000. Dividends during 2020 were $58,000. Complete the statement of retained earnings below. (Use parentheses or a minus sign when subtracting numbers.) Leopard Products Ltd. Statement of Retained Earnings For the Year Ended December 31, 2020 Correction of prior year's error for inventory overstatement Dividends for the year Net income for the year Net loss for the year Repurchase of shares Retained earnings, January 1, 2020, as adjusted Retained earnings, January 1, 2020, as originally reported Retained earnings, December 31, 2020 Sale of shares (...) Given the following information, prepare Leopard Products Ltd.'s statement of retained earnings for the year ended December 31, 2020. An inventory error caused net income of the prior year to be overstated by $40,000. Retaine Net inc Dividen Correction of prior year's error for inventory overstatement Dividends for the year Complete th Net income for the year Net loss for the year Repurchase of shares Less: Retained earnings, January 1, 2020, as adjusted Retained earnings, January 1, 2020, as originally reported Retained earnings, December 31, 2020 Sale of shares en subtracting numbers.) Given the following information, prepare Leopard Products Ltd.'s statement of retained earnings for the year ended December 31, 2020. An inventory error caused net income of the prior year to be overstated by $40,000. Retained Earnings at January 1, 2020, as previously reported, stood at $2,402,000. Not income for the voor onded Docomber 21 2020 was $112.000 Co Correction of prior year's error for inventory overstatement Dividends for the year Net income for the year Net loss for the year Repurchase of shares Retained earnings, January 1, 2020, as adjusted Retained earnings, January 1, 2020, as originally reported Retained earnings, December 31, 2020 Sale of shares sign when subtracting numbers.)