20 Tuscan incorporated had a retained earnings balance of $80.000 at December of the prior year. In the current year, Tuscan reported the following results Reported net income of $120,000 Cash dividends of $53.000 declared and paid Tuncen discovered a year that it made a mother or three years ago, to correct for this. $32,000 pret of tas) must be added to the current year's beginning retained earnings balance . Revised an estimate of a machine's salvage value. Depreciation increased by $3,000 per year. 3 Cute the retained earning balance at December 11 of the current year. (Amounts to be deducted should be indicated with minus sign TUSCAN INCORPORATED w