$1,612,500 960,000 3,000,000 6,000,000 Happy Corporation reports the following information Understatement of depreciation expense in prior years before tax Dividends declared and paid Net income Retained earnings, 1/1/2022 (as of Dec 31, 2021) Happy is subject to 20% income tax rate. What amount should Happy report as retained earnings on 12/31/2022? Example of Answer: 4000 (No comma, space, decimal point, or $ sign)