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The following information is from Amos Company for the year ended December 31, 2020. a. Retained earnings at December 31, 2019 (before discovery of error).

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The following information is from Amos Company for the year ended December 31, 2020. a. Retained earnings at December 31, 2019 (before discovery of error). $861,000. b. Cash dividends declared and paid in 2020, $18,000. c. In 2018, it forgot to record depreciation expense of $52,600 (net of tax benefit). d. The company earned $217,000 in net income for 2020. Prepare a statement of retained earnings for Amos Company. (Amounts to be deducted should be indicated with a minus sign.) $ 861,000 Answer is not complete. AMOS COMPANY Statement of Retained Earnings For Year Ended December 31, 2020 Retained earnings, Dec. 31, 2019, as previously reported Prior period adjustment Depreciation expense not recorded (net of tax) Retained earnings, Dec. 31, 2019, as adjusted Add: Net income Less: Dividends 52,600 X 913,600 217,000 18,000 $ 1,148,600

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