At January 1, 2025, Tamarisk Company reported retained earnings of $1,957,000. In 2025, Tamarisk discovered that 2024 depreciation expense was understated by $391,400. In 2025, net income was $941,000 and dividends declared were $221,000. The tax rate is 20%.
Prepare a 2025 retained earnings statement for Tamarisk Company.
TAMARISK COMPANY
Retained Earnings Statement
:
?
$
$