Question: Using the information from BE4-11, prepare a retained earnings statement for the year ended December 31, 2010. Assume an error was discovered: Land costing $80,000

Using the information from BE4-11, prepare a retained earnings statement for the year ended December 31, 2010. Assume an error was discovered: Land costing $80,000 (net of tax) was charged to repairs expense in 2009.

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