Wildhorse Co. reports the following information:
Correction of understatement of depreciation expense
in prior years, net of tax: $ 1296000
Dividends declared: 965000
Net income: 2920000
Retained earnings, 1/1/20, as reported: 5800000
Wildhorse should report retained earnings, 1/1/20, as adjusted at
A. $5800000.
B. $7096000.
C. $9051000.
D. $4504000.