Question: At January 1 , 2 0 2 5 , 5 weet Company reported retained earnings of $ 2 , 0 2 0 , 0 0

At January 1,2025,5weet Company reported retained earnings of $2,020,000. In 2025, Sweet discovered that 2024 depreciation expense was understated by $404,000. In 2025, net Incomewar 5932,000 wod dividends declared were 5258.000. The tax rate is 205.
Prepare a 2025 retained earnings statement for Sweet Company.
\table[[SWEET COMPANY Retalned Earnings Statement,],[Retained Earnincs. Ianuary 1, as Prevously Reported *,$,],[,,,],[Retained Earnings, Ianuary 1. as Adjusted,,
At January 1 , 2 0 2 5 , 5 weet Company reported

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