Question

*Brief Exercise 4-10 Tamarisk Corporation has retained earnings of $677,100 at January 1, 2017. Net income during 2017 was $1,511,100and cash dividends declared and paid during 2017 totaled $81,600. Prepare a retained earnings statement for the year ended December 31, 2017. Assume an error was discovered: land costing $87,330 (net of tax) was charged to maintenance and repairs expense in 2014. (List items that increase retained earnings first.) TAMARISK CORPORATION Retained Earnings statement Question Attem eserved a Question attempts: 0 of 5 used Copyright 2000-017 by John Wiley & Sons, Incor related companies. A rights reserved