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The following information appears for Celine Dion, Inc. Prepare (in good form) a statement of retained earnings for Celine Dion, Inc., for the year ended

The following information appears for Celine Dion, Inc. Prepare (in good form) a statement of retained earnings for Celine Dion, Inc., for the year ended December 31, 2022. Understatement of depreciation expense from prior years Unrealized holding gain on available-for-sale securities Dividends declared - Common Net Income Retained earnings, 1/1/22, as reported Income tax rate $1,160,000 450,500 980,000 5,500,000 8,000,000 20%
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The following information appears for Celine Dion, Inc. Prepare (in good form) a statement of retained earnings for Celine Dion, Inc, for the year ended December 31, 2022

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