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Business, 20.07.2020 01:01 paolaf3475

Windsor Corporation has retained earnings of $702,500 at January 1, 2017. Net income during 2017 was $1,426,500, and cash dividends declared and paid during 2017 totaled $83,200. Prepare a retained earnings statement for the year ended December 31, 2017. Assume an error was discovered: land costing $89,590 (net of tax) was charged to maintenance and repairs expense in 2014. (List items that increase retained earnings first.)

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Windsor Corporation has retained earnings of $702,500 at January 1, 2017. Net income during 2017 was...
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