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The following information is available for Amos Company for the year ended December 31, 2017 a. Balance of retained earnings, December 31, 2016, prior to

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The following information is available for Amos Company for the year ended December 31, 2017 a. Balance of retained earnings, December 31, 2016, prior to discovery of error, $867,000 b. Cash dividends declared and paid during 2017, $25,00o. c. It neglected to record 2015 depreciation expense of $46,600, which is net of $5,500 in tax benefits. d. The company earned $212,000 in 2017 net income Prepare a 2017 statement of retained earnings for Amos Company. (Amounts to be deducted should be indicated with a minus sign.) AMOS COMPANY Statement of Retained Earnings For Year Ended December 31, 2017 Adjusted retained earnings, December 31, 2016 $ 867,000 Prior period adjustment Depreciation expense error in 2015 (net of tax)5,500 Adjusted retained earnings, December 31, 2016861,500 Add: Net income Less: Dividends Retained earnings, December 31, 2017 212,000 46,600 $ 1,120,100

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