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Question 21 (3 points) Green Lake Corporation reports the following information: Correction of understatement of revenue in 2017, net of tax Dividends declared in 2020

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Question 21 (3 points) Green Lake Corporation reports the following information: Correction of understatement of revenue in 2017, net of tax Dividends declared in 2020 $ 645,000 480,000 Net income for 2020 1,500,000 Retained earnings, 1/1/2020, unadjusted 3,000,000 Blue Lake should report ending retained earnings as of 12/31/2020, at $4,665,000 $2,355,000. $4,020,000. $3,375,000

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