Preparing a statement of Stockholders' Equity with a Prior Period Error In 2015, the first year of operations for Sprineo, the company reported net income of $135.000 and declared and paid dividends of 42,000. No other items affected retained earnings in 2019 On December 2018, the company had the following balance in stockholders equity accounts other than retained earning common stock $300,000 credit balance accumulated other comprehensive com, 515.000 debt balance. During 2020, the company reported net income of 264.000, declared and dividends of $60.000, and reported a foreign currency translation of 525 500 after taxi Also in 2020, the company discovered that its 2019 depreciation expense was understated by 30.000 before taxes and the amount is material to the company. Assume a tax rate of 25 Required Prepare a statement of stockholders' equity for Sprint Co. for the year ended December 31, 2020 Use negative is to indicate a debt bulance or a decrease to stockholders' equity SCA Sumaithaliarry For the Year Ended December 31 2000 Common Stock Retained Earnings Accumulat OCI To 33000 5000 Support 300000 0 0 0 0 (pudenti Our Compact D Ending balance 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 $ 0 Prior period adjustment 0 Adjusted balance, January 1, 2020 Net incorne Dividends Retained earnings, December 31, 2020 $ 0 oo Check My Subscriptions Shpreet Sangher Preparing a statement of Stockholders' Equity with a Prior Period Error In 2019, the first year of operations for Sprint Co the company reported net income of $135.000 and declared and paid dividends of 42,000. No other acted and coming in 2019. On December 31, 2019, the company had the following balances in stockholders equity accounts (other than retained earrings common stock, 5.300,000 credit borcumited other comprehensive income. 575.000 debit balance. During 2020, the company reported net income of $254.000, declared and paid dividends of 60.000, and reported a foreign currency translation in 25,500 after tad Also in 2020, the company discovered that its 2019 deprecation expense was understated by $30,000 before and the amount is material to the company. Anume ata of 25 Required Prepare a statement of stockholders equity for Sprint for the year ended December 11, 2020 . Upeve sipasto indicates debit balance or a decrease to stockholders' equity Sprint a Statement of Stockholders quity For the Year Ended December 2009 Commen Stock Retained carings Accumulated hence 300.000 4.000 0 0 Preparing a statement of Stockholders' Equity with a Prior Period Error In 2015, the first year of operations for Sprineo, the company reported net income of $135.000 and declared and paid dividends of 42,000. No other items affected retained earnings in 2019 On December 2018, the company had the following balance in stockholders equity accounts other than retained earning common stock $300,000 credit balance accumulated other comprehensive com, 515.000 debt balance. During 2020, the company reported net income of 264.000, declared and dividends of $60.000, and reported a foreign currency translation of 525 500 after taxi Also in 2020, the company discovered that its 2019 depreciation expense was understated by 30.000 before taxes and the amount is material to the company. Assume a tax rate of 25 Required Prepare a statement of stockholders' equity for Sprint Co. for the year ended December 31, 2020 Use negative is to indicate a debt bulance or a decrease to stockholders' equity SCA Sumaithaliarry For the Year Ended December 31 2000 Common Stock Retained Earnings Accumulat OCI To 33000 5000 Support 300000 0 0 0 0 (pudenti Our Compact D Ending balance 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 $ 0 Prior period adjustment 0 Adjusted balance, January 1, 2020 Net incorne Dividends Retained earnings, December 31, 2020 $ 0 oo Check My Subscriptions Shpreet Sangher Preparing a statement of Stockholders' Equity with a Prior Period Error In 2019, the first year of operations for Sprint Co the company reported net income of $135.000 and declared and paid dividends of 42,000. No other acted and coming in 2019. On December 31, 2019, the company had the following balances in stockholders equity accounts (other than retained earrings common stock, 5.300,000 credit borcumited other comprehensive income. 575.000 debit balance. During 2020, the company reported net income of $254.000, declared and paid dividends of 60.000, and reported a foreign currency translation in 25,500 after tad Also in 2020, the company discovered that its 2019 deprecation expense was understated by $30,000 before and the amount is material to the company. Anume ata of 25 Required Prepare a statement of stockholders equity for Sprint for the year ended December 11, 2020 . Upeve sipasto indicates debit balance or a decrease to stockholders' equity Sprint a Statement of Stockholders quity For the Year Ended December 2009 Commen Stock Retained carings Accumulated hence 300.000 4.000 0 0