Preparing a statement of Stockholders' Equity with a Prior Period tror 2019, the first year of operations for Sprint Co, the company reported net income of $135.000 and declared and paid dividends of 542.000. No other items affected retained earnings in 2019. on December 31, 2019, the company had the following balances in stockholders equity accounts other than retained earnings common stock, 5300,000 credit balance accumulated other comprehensive income, 515.000 debit balance. During 2020, the company reported net income of 264,000, declared and paid dividends of 160,000 and reported a foreign currency translation of 25.500 liter Also in 2020, the company discovered that its 2019 depreciation expense was understated by 530.000 before taxes and the amount is material to the company. Asume strate of 25 Required Prepare a statement of stockholders' equity for Sprint Co. for the year ended December 31, 2020 - Usergative sis to indicate a debitance or a decrease in stockholders Sprint Statement of stockholders Equity For the Year Ended December 2000 Common Stock Retained Earnings acumulated OCI Toal 3300 WOOD 15.00 000 Priorment 0 0 0 (per income 0 Dvd Cum enim For ytranco 0 som er ofta 03 Os 0 0 of rained eamings for the year ended December 31, 2020 Sprint Co. Statement of Stockholders' Equity For the Year Ended December 31, 2020 Common Stock Retained Earnings Accumulated OCI $ 300,000 $ 93,000 $ (15.000) 5 0 0 0 Total 385.000 0 0 0 0 0 Beginning balance Prior period adjustment Net income Dividends Other Comprehensive Income Foreign currency translation adjustment, net of tax Ending balance 0 0 0 0 0 0 0 0 $ $ OS 0$ 0 b. Prepare a separate statement of retained earnings for the year ended December 31, 2020, Use negative signs to indicate a debit balance or a decrease to stockholders' equity. Sprint Co. Statement of Retained Earnings For the Year Ended December 31, 2020 Retained earnings, January 1, 2020 $ Prior period adjustment 0 Adjusted balance, January 1, 2020 0 Net income Dividends Retained earnings, December 31, 2020 $ 0 0 0 Check