Retained earnings:

Please calculate the Retained earnings, Dec. 31, Current year:

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Expert Solution

AMOS COMPANY
Statement of Retained Earnings
For Current Year Ended December 31
Retained Earnings Dec. 31 prior year	$858,000
Prior period adjustment
Depreciation expense not recorded (net of tax)	-41,600
Retained earnings, Dec. 31 prior year, as adjusted	$816,400
Add: Net income	221,000
Less: Dividends	-19,000
Retained earnings, Dec. 31, Current year	$1,018,400

Retained earnings, Dec. 31, Current year = $1,018,400

DEEPIKA GOYAL answered 1 year ago

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