Prepare a retained earnings statement for 2017

E11-18 Bindra Company A.. reported retained earnings at December 31, 2016, of 6340,000. Prepare a Bindra had 200,000 ordinary shares outstanding at January 1, 2017. statement The following transactions occurred during 2017 (LO 6) 1. An error was discovered: in 2015, depreciation expense was recorded at 166,000, but the correct amount was t50,000. 2. A cash dividend of t0.50 per share was declared and paid. 3. A 5% share dividend was declared and distributed when the market price per share was +14 per share. 4. Net income was t285,000