Question 2 Statement of Retained Earnings Dogsled Corporation reported retained earnings of $4,100,000 at December 31, 2019. In 2020, the company earned $1,000,000 of profit before tax. Dogsled Corporation declared a $80,000 cash dividend and paid a $60,000 cash dividend in 2020. The company also incurred a $20,000 charge to retained earnings for the reacquisition of common shares. Dogsled's income tax rate is 40% Required: Prepare a Statement of Retained Earnings for Dogsled Corporation for the year ended December 31, 2020. Type here to search