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Prepare a statement of retained earnings in proper form for White Corporation for the year...

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Accounting

Prepare a statement of retained earnings in proper form for White Corporation for the year ended December 31, 2012, from the following:

Retained Earnings, January 1, 2012 $2,000

Dividends paid during the year 800

Net income for the year 3,000

Correction of prior year error. Purchase

of land recorded as rent expense 1,000

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