Homework Answers
| Balance as reported (40500+130100+164000-53600-54000) | 227000 |
| Depreciation Error (31800*(100-20)%) | -25440 |
| Change in inventory method (42800*(100-20)%) | -34240 |
| Balance, January 1st | 167320 |
| Net Income after taxes (228700*(100-20)%) | 182960 |
| 350280 | |
| Dividends declared | 107600 |
| Balance, December 31st | 242680 |
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