2. Complete the requirements below using the space provided The following information is available for Tables and Shares Corporation: Retained Earnings, December 31. 2017 Net Income for the year ended...

what is the statement of retained earnings for 2018

Extracted text: 2. Complete the requirements below using the space provided The following information is available for Tables and Shares Corporation: Retained Earnings, December 31. 2017 Net Income for the year ended December 31, 2018 The company accountant. in preparing financial statements for the year ending December 31. 2018, has discovered the following information S1,500.000 S 250.000 The company's previous bookkeeper, who has been fired, had recorded amortization expense on a machine in 2010 and 2017 using the double declining-balance method of amortization. The bookkeeper neglected to use the straight-line method of amortization which is the company's policy. The cumulative effect of the error on prior years was $9,000, net of income tax. Amortization was calculated by the straight-line method in 2018.