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Oriole Corporation reports the following information : Correction of understatement of depreciation expense in prior years , net of tax $ 1 2 8 9

Oriole Corporation reports the following information : Correction of understatement of depreciation expense in prior years , net of tax $ 1289000 Dividends declared 955000 Net income 2980000 Retained earnings ,1/1/25 as reported 6160000 Oriole should report retained earnings ,1/1/25 as adjusted at

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