Exercise 11-15 Preparing a statement of retained earnings LO C3 The following information is from...
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Exercise 11-15 Preparing a statement of retained earnings LO C3 The following information is from Amos Company for the year ended December 31, 2019. a. Retained earnings at December 31, 2018 (before discovery of error), $868,000. b. Cash dividends declared and paid during the year, $19,000. c. Two years ago, it forgot to record depreciation expense of $52,600 (net of tax benefit). d. The company earned $211,000 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.) AMOS COMPANY Statement of Retained Earnings For Year Ended December 31, 2019 Prior period adjustment
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