(10 points) The following information is from Smith Company for the year ended December 31, 2021. Prepare a statement of retained earnings for Smith Company. Retained earnings at December 31, 2020 (prior to discovery of error), $1,375,000 Cash dividends declared and paid during 2021, $43,000 Two years ago, it failed to record depreciation expense of $55,000 (net of tax benefit). Smith Company earned $126,000 in net income in 2021 year.