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The following information was extracted from the accounts of Ivanhoe Company at December 31, 2020: Total reported income since incorporation Total cash dividends paid CR(DR)
The following information was extracted from the accounts of Ivanhoe Company at December 31, 2020: Total reported income since incorporation Total cash dividends paid CR(DR) $4730000 (2460000) Unrealized holding loss on available-for-sale securities (364000) Total stock dividends distributed (601000) Prior period adjustment, recorded January 1, 2020 225000 What should be the balance of retained earnings at December 31, 2020? $3017700. $1894000. $1859000. O $1530000
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