Question: rk mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. The following

rk mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion.
The following information is from Amos Company for the current year ended December 31.
a. Retained earnings at December 31 of the prior year (before discovery of an error) was $851,000.
b. Amos discovered this year that it forgot to record depreciation expense of $53,600(net of tax benefit) two years ago.
c. Cash dividends declared and paid in the current year were $22,000.
d. Reported $221,000 of net income in the current year.
Prepare a statement of retained earnings for Amos Company for the current year.
Note: Amounts to be deducted should be indicated with a minus sign.
Answer is not complete.
\table[[AMOS COMPANY],[Statement of Retained Earnings],[For Current Year Ended December 31],[Retained earnings, December 31, prior year, as previously reported,(,$ 851,000],[Prior period adjustment],[Depreciation expense not recorded (net of tax),(2),22,000\times ],[Retained earnings, December 31, prior year, as adjusted,(2),873,000],[Plus net income,(,221,000],[Less cash dividends declared and paid,(,(53,600)\times ],[,,$ 1,040,400]]
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