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The following information is available for Amos Company for the year ended December 31, 2017. a. Balance of retained earnings

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Answer #1
AMOS COMPANY
Statement of Retained Earnings
For Year Ended December 31, 2017
Retained earnings, December 31, 2016 867000
Prior period adjustment
Depreciation expense error in 2015 (net of tax) -43600
Adjusted retained earnings, December 31, 2016 823400
Add: Net income 217000
Less: Dividends -17000
Retained earnings, December 31, 2017 1023400
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