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Moorman Corporation reports the following information: Correction of understatement of depredation expense in prior years, net of fax $860,000 Dividends declared 640,000 Net income 2,000,000 Retained earnings, 1/1/14, as reported 4,000,000 Moorman should report retained earnings. 1/1/14, as adjusted at a. $3, 140,000. b. $4,000,000. c. $4, 860,000. d. $6, 220,000