Question 12 3.5 points Save A At the 1st January 2019, the amount of Retained earnings reported by Moon Corporation is $2.500.000. During 2019, Moon Corporation issued common stocks of $750,000, declared and paid cash dividends of $140,000, and declared share dividends of $320,000. The 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 depreciation expenses in prior years of $430,000 (net of tax). Required: How much was the retained earnings reported on 31st December, 2019? (Show your calculations). For the toolbar, press ALT-F10 (PC) or ALT-EN-F10 (Mac)