Vega Corporation has retained earnings of $5,130,000 on January 1, 2014. During the year,
Vega earned $2,000,000 of net income. It declared and paid a $250,000 cash dividend. In
2014, Vega recorded an adjustment of $180,000 due to the understatement (from a mathematical error) of 2013 depreciation expense. Prepare a retained earnings statement for 2014.