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P Hol X Dashbo Screens ACCT C Cash di Calcula Return Transac Chat Th Prepare A LTI Lau Pearsor P Pearsor P 14.2 Re + G go mylab.pearson.com/Student/IntegratedAssignmentOverview.aspx?homeworkld=708671026 1210-FALL 2025-SO03-THU Rahil Echikr 09/24/25 8:44 PM ? Homework: Ch 14 Corporations: Retained Earnings and the Income Stmt Question Completed: 6 of 8 My score: 69.49/100 pts (69.49%) Save Minimize list Alberta Research Service Inc. (ARSI) ended 20X2 with Retained Earnings of $40,500. During 20X3, ARSI earned net income of $46,000 and paid cash dividends of $22,000. Also during 20X3, ARSI got a $21,000 tax refund from the Canada Revenue Agency. A tax audit revealed that ARSI paid too much income tax in 20X1 in error. Prepare ARSI's statement of retained earnings for the year ended December 31, 20X3, to report the correction of the prior-period error. Starter 14-3 (book/static) 2 Question | 12/12 pts (Use parentheses or a minus sign for numbers to be subtracted.) Exercise 14-7 (similar to) 3 Question | 15/15 pts Alberta Research Service Inc. Statement of Retained Earnings Starter 14-7 (similar to) For the Year Ended December 31, 20X3 Question | 9.49/15 pts Retained earnings, December 31, 20X2, as originally reported $ 40,500 Net income for 20X3 V 46000 Starter 14-19 Less: Dividends for 20X3 5 (book/static) Correction of 20X1 error in income taxes Question | 15/15 pts Subtotal Starter 14-14 (similar to) 6 Question | 15/15 pts Retained earnings, December 31, 20X3 Starter 14-18 (similar to) Question | 0/10 pts Starter 14-15 (similar to) 8 Question | 0/15 pts Help me solve this Etext pages Get more help - Clear all Check