Question Completion Status 1234 5 12 Moving to another question will save this response Question 11 3.5 points At the 1 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 cad dividends of $140,000, and declared share dividends of $320,000. The mount of net income of 2019 reported by Moon Corporation is $1,000,000. Moon Corporation was required to make a comection of understatement of depreciation expenses in prior years of $430,000 (net of tax) Required: How much was the retained earnings reported on 31 December, 20197 (Show your calculations). for the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIVS Paragraph *** Arial V 10pt I XOQE EEAY 2 F WORDS POWERED BY & Moving to another question will save this responsa acer Spika " Zim M 96 8 A 3 E 5 COM 6 7 V GY H 11:1 K P Break S Question 11 of 121 Dalata - Buksamen