HD Retained $14.000 c. Sold all remaining 2. Prepare the stockholders' equity section In Draco Corporation's first year of business, the following transactions sected its equity BTS 13-13 stockholders' stion P1 P3 Issued 4,000 shares of $2 par value common stock for $18. It authorized 20,000 shares. Issued 1,000 shares of 129, $10 par value preferred stock for $23. It authorized 3.000 shares. Retained earnings is impacted by reported net income of $50,000 and cash dividends of $15.000 Reacquired 200 shares of common stock for $30 each. 3-14 retained ance had the following selected transactions. Calculate the retained earnings balance at December 31, 2019 Tuscan Inc. had a retained earnings balance of $60,000 at December 31, 2018. During the year, towa Reported net income of $100.000 An error was discovered. Three years ago ano pur chet ta benileting was incorrectly expensed To Revised an estimate of a machine's salvage value. Depreciation increased by $1,000 per year. . Paid cash dividends of $33,000. 5 ement of 5 The following information is from Amos Company for the year ended December 31, 2019. Prepare a statement of retained earnings for Amos Company. Retained earnings at December 31, 2018 (before discovery of error), $1,375,000. Cash dividends declared and paid during the year, $43,000. Two years ago, it forgot to record depreciation expense of $55,500 (net of tax benefit). The company earned $126,000 in net income this year. Ecker Company reports $2,700,000 of net income and declares $388 020 of cash dividends on its or