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Moon Corporation reports the following information Correction of understatement of depreciation expense in prior years...

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Moon 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 and Retained earnings 1 1 20 as reported 6 000 000 Moon should report retained earnings 1 1 20 as adjusted at O a 9 330 000 O b 7 290 000 O c 4 710 000 O d 6 000 000

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