Question: need help with retained earnings statment Presented below is information related to Oriole Corp. for the year 2020. $ 94,400 $1,534,000 920,400 64,900 Net sales

need help with retained earnings statment
need help with retained earnings statment Presented below is information related to
Oriole Corp. for the year 2020. $ 94,400 $1,534,000 920,400 64,900 Net

Presented below is information related to Oriole Corp. for the year 2020. $ 94,400 $1,534,000 920,400 64,900 Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue 76,700 59,000 Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2019 Casualty loss Cash dividends declared Retained earnings at December 31, 2019 Effective tax rate of 20% on all items 56,640 53,100 23,600 1.156,400 Interest revenue 8,260 Prepare a separate retained earnings statement for 2020. (List items that increase adjusted retained earnings first.) ORIOLE CORP. Retained Earnings Statement For the Year Ended December 31, 2020 1,156,400 Retained Earnings, January 1, as reported 64,900 Correction for Overstatement of Net Income in Prior Period 1091500 Retained Earnings, January 1 as adjusted 286976 Add : Net Income /(Loss) 1378476 53.100 i Less Dividends Declared 1325376 Retained Earnings, December 31 eTextbook and Media

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