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The following information is available for Alpha Dog Company: Beginning retained earnings $600,000 Cash dividends declared 30,000 Net income for 2014 140,000 Stock dividend declared

The following information is available for Alpha Dog Company:

Beginning retained earnings $600,000

Cash dividends declared 30,000

Net income for 2014 140,000

Stock dividend declared 10,000

Understatement of last year's depreciation expense 30,000

Instructions : Based on the preceding information, prepare a retained earnings statement for 2014

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