Question: a6 fast please 3.5 points Question 6 At the 15 January 2019, the amount of Retained earnings reported by Moon Corporation is $2,500,000. During 2019,

a6 fast please
a6 fast please 3.5 points Question 6 At the 15 January 2019,

3.5 points Question 6 At the 15 January 2019, the amount of Retained earnings reported by Moon Corporation is $2,500,000. During 2019, Moon Corporation uued common stocks of $750,000, declared and paid cash dividends of $140,000, and declared share dividends of $320,000. The amount of net income of 2019 reported by Moon Corporation $1,000,000 Moon Corporation was required to make a correction of understatement of depreciation expenses in price years of $430,000 (net of tax) Required: How much was the retained earnings reported on 31 December, 20197 (Show your calculations)

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