Moorman Corporation reports the following information: C…
Moorman Corporation reports the following information: Correction of understatement of depreciation expense in prior years, net of tax $ 1,290,000 Dividends declared 960,000 Net income 3,000,000 Retained earnings, 1/1/20, as reported 6,000,000 Moorman should report retained earnings, 12/31/20, at: