Question: Using the information from BE4-9, prepare a retained earnings statement for the year ended December 31, 2012. Assume an error was discovered: land costing $80,000

Using the information from BE4-9, prepare a retained earnings statement for the year ended December 31, 2012. Assume an error was discovered: land costing $80,000 (net of tax) was charged to maintenance and repairs expense in 2009.

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