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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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