Question: P: (5 Points). Identify the 2 errors in the following Retained Earnings statement this one mould look a bit familiar to you!) Make sure to

 P: (5 Points). Identify the 2 errors in the following Retained

P: (5 Points). Identify the 2 errors in the following Retained Earnings statement this one mould look a bit familiar to you!) Make sure to clearly explain your errors so I understand your xplanation a Company M Retained Earnings Rollforward For the Month Ended 1/31/2020 Beginning Retained Earnings 30,000 lus Net Income lus Cash lus Dividends Net Change 40,000 10,000 5,000 55,000 Ending Retained Earnings 85.000

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