Moving to another question will save this response. estion 5 At the 1st January 2019, the amount of Retained earnings reported by Moon Corporation is $2,500,000. During 2019, Moon Corporation and cost of 339,000, declared and padd amount of net income of 2019 reported by Moon Corporation is $1,000,000. Moon Corporation was required to make a correction of understatement of depencat expressing 540.000 Required: How much was the retained earnings reported on 31st December, 2019? (Show your calculations). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) LV & FERRA I. X E E B 10pt IUS Paragraph Arial Moving to another question will save this response. DEV! 000. During 2019, Moon Corporation issued common stocks of $750,000, declared and paid cash dividends of $140,000, and declared share deadends of $12000 The required to make a correction of understatement of depreciation expenses in prior years of $430,000 (net of tex). ). A I XQ 5 XX1. Question of 12 14 Required: How much was the retained earnings reported on 31st December, 2019? (Show your calculations), For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 10et 11 a