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Question & 3.5 points At the 1st January 2019, the amount of Retained earnings reported by Moon Corporation is $2,700,000. During 2019, Moon Corporation ined

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Question & 3.5 points At the 1st January 2019, the amount of Retained earnings reported by Moon Corporation is $2,700,000. During 2019, Moon Corporation ined consion stocks of $980,000, declared and paid cash dividends of $250,000, and declared share dividends of $585,000. The amount of net income of 2019 reported by Moon Corporation is $2,000,000 Moon Corporation was required to make a correction of overstatement of depreciation expenses in prior years of 5510,000 (net of tax) Required: How much was the retained earnings reported on 31st December, 20197 (Show your calculations), For the toolbar, press ALT F10 (PC) or ALT-FN-F10 (Mac) B I US Paragraph Arial v 10pt E- AV I X 52 F XX, & - 14 ST

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