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please help , thank you! 2017 $44.000 $-0- 2018 132.600 57.800 2019 164,100 56,700 The following information relates to 2020 5242.000 $28,400 Income before income
please help , thank you!
2017 $44.000 $-0- 2018 132.600 57.800 2019 164,100 56,700 The following information relates to 2020 5242.000 $28,400 Income before income tax Prior period adjustment understatement of 2018 depreciation expense (before taxes) Cumulative decrease in income from change in inventory methods (before taxus) Dividends declared for this amount. $28.400 will be paid on Jan 15, 2021) $40,200 $114.500 Effective Taxrate 20 Prepare a 2020 retained earnings statement for Swifty Corporation. (List items that increase adjusted retained earnings first.) SWIFTY CORPORATION Retained Earnings Statement 101 Assume Swifty Corporation restricted retained earnings in the amount of $69,320 on December 31, 2020. After this action, what would Swifty report as total retained earnings in its December 31, 2020, balance sheet? Total retained earnings Step by Step Solution
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