L0TU TIScal year. gccordance with IFRS Question 3: It is February 2017, and you have been provided with the following information for a Company's year ended December 31, 2016: Opening retained earnings Net income before taxes Dividends declared Dividends paid 3,000,000 300,000 30,000 15,000 You have also been informed that on September 30, 2014, betterment of $50,000 on a machine was expensed on the income statement when it should have been amortized using the straight- line method on the basis of half-year rule, five-year useful life and Snil residual value. red: Based on above and assuming that 30% tax rate is applicable to the Company, Requ prepare the Company's Statement of Retained Earnings for the year ended December 31, 2016