Business, 16.02.2021 01:00 huldalizvega98

Coronado Corporation has retained earnings of $723,800 at January 1, 2020. Net income during 2020 was $1,406,200, and cash dividends declared and paid during 2020 totaled $79,200. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $89,860 (net of tax) was charged to maintenance and repairs expense in 2019. (List items that increase retained earnings first.)

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Coronado Corporation has retained earnings of $723,800 at January 1, 2020. Net income during 2020 wa...