Question 1 of 4 -/5 View Policies Current Attempt in Progress Presented below is information which relates to Wildhorse Ltd, a Canadian private comparty Net loss $116,000 Retained earnings, January 1, 2020 323,000 Cash dividends declared on common shares 68,000 Understatement of net income resulting from 2019 inventory error (pre-tax) 90,000 Prepare in good form, a statement of retained earnings for the year ended December 31, 2020. The tax rate is 25%. (List items that Increase retained earnings first.) Wildhorse Ltd. Statement of Retained Earnings Question 1 of 4 -/5 Wildhorse Ltd. Statement of Retained Earning V 7 Save for Later Attempts: 0 of 1 used Submit