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The following information is from Amos Company for the year ended December 31, 2019. Retained earnings at December 31, 2018 (before discovery of error), $867,000.
The following information is from Amos Company for the year ended December 31, 2019.
- Retained earnings at December 31, 2018 (before discovery of error), $867,000.
- Cash dividends declared and paid during the year, $22,000.
- Two years ago, it forgot to record depreciation expense of $45,600 (net of tax benefit).
- The company earned $212,000 in net income this year.
Prepare a statement of retained earnings for Amos Company. (Amounts to be deducted should be indicated with a minus sign.)
prior period adjustment | |
$ |
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