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velikii [3]
2 years ago
5

The following information is from Amos Company for the year ended December 31, 2019.

Business
1 answer:
Juliette [100K]2 years ago
3 0

Answer:

Explanation:

The preparation of the statement of retained earnings for Amos Company is shown below:

Retained earnings at December 31, 2018 (before discovery of error) $858,000

Less: Depreciation expense two years ago -$45,600

Add: net income $209,000

Less: Cash dividends declared and paid during the year -$11,000

Retained earnings at December 31, 2019             $1,010,400

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