Using the information from BE4-11, prepare a retained earnings statement for the year ended December 31, 2015.

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Using the information from BE4-11, prepare a retained earnings statement for the year ended December 31, 2015. Assume an error was discovered: Land costing NT$80,000 (net of tax) was charged to repairs expense in 2014.

Data from in BE4-11

Tsui Corporation has retained earnings of NT$675,000 at January 1, 2015. Net income during 2015 was NT$1,400,000, and cash dividends declared and paid during 2015 totaled NT$75,000. Prepare a retained earnings statement for the year ended December 31, 2015.

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