Windsor Corporation has retained earnings of $702,400 at January 1, 2020. Net income during 2020 was $1,526,800, and cash dividends declared and paid during 2020 totaled $81,000. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $88,430 (net of tax) was charged to maintenance and repairs expense in 2019. (List items that increase retained earnings first.) WINDSOR CORPORATION Retained Earnings Statement Brief Exercise 4-11 On January 1, 2020, Coronado Inc. had cash and common stock of $60,530. At that date, the company had no other asset, liability, or equity balances. On January 2, 2020, it purchased for cash $20,760 of debt securities that it classified as available-for-sale. It received interest of $4,100 during the year on these securities. In additio it has an unrealized holding gain on these securities of $5,190 net of tax. Determine the following amounts for 2020: (a) net income, (b) comprehensive income, (c) oth comprehensive income, and (d) accumulated other comprehensive income (end of 2020). (a) Net income A (b) Comprehensive income A (c) Other comprehensive income A (d) Accumulated other comprehensive income A Exercise 4-01 Presented below are changes in all the account balances of Wildhorse Furniture Co. during the current year, except for retained earnings. Cash Accounts Receivable (net) Inventory Investments Increase (Decrease) $71,190 48,200 129,800 (48,900) Accounts Payable Bonds Payable Common Stock Paid-In Capital in Excess of Par-Common Stock Increase (Decrease) $(52,460) 82,370 134,400 15,280 Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $24,750 which was paid in the current year. Net income Presented below is information related to Kingbird Company at December 31, 2020, the end of its first year of operations. Sales revenue Cost of goods sold Selling and administrative expenses Gain on sale of plant assets Unrealized gain on available-for-sale debt investments Interest expense Loss on discontinued operations Dividends declared and paid $287,320 126,540 53,200 31,270 10,590 5,720 10,870 4,570 Compute the following: (a) Income from operations (b) Net income (c) Comprehensive income (d) Retained earnings balance at December 31, 2020