Business, 15.04.2020 00:39 sssssaaaaaddddd7485

Cindy May Bakery, Inc. reported a prior-period adjustment in 2018. An accounting error caused net income of prior years to be overstated by $ 8 comma 000. Retained Earnings at December 31, 2017, as previously reported, was $ 44 comma 000. Net income for 2018 was $ 78 comma 000, and dividends declared were $ 25 comma 000. Prepare the company's statement of retained earnings for the year ended December 31, 2018.

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Cindy May Bakery, Inc. reported a prior-period adjustment in 2018. An accounting error caused net in...