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Presented below is information related to Bonita Corp. for the year 2020. $ 76,800 Net sales $ 1,248,000 52,800 Cost of goods sold 748,800 Write-off

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Presented below is information related to Bonita Corp. for the year 2020. $ 76,800 Net sales $ 1,248,000 52,800 Cost of goods sold 748,800 Write-off of Inventory due to obsolescence Depreciation expense omitted by accident in 2019 Casualty loss 48,000 Selling expenses 62.400 43,200 Administrative expenses 46,080 Cash dividends declared 940.800 Dividend revenue 19,200 Retained earnings at December 31, 2019 Interest revenue 6.720 Effective tax rate of 20% on all items Prepare a separate retained earnings statement for 2020. (List items that increase adjusted retained earnings first.) BONITA CORP. Retained Earnings Statement >

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