2.Newland Company reported retained earnings at December 31, 2018, of 175,000. The following transactions occurred during 2019. An error was discovered. In 2017, depreciation expense was recorded at $22,500, but the correct amount was $12,500. Declared cash dividends $50,000. Declared stock dividends $35,000. Net income was $225,000. From the given information, choose the correct answer. a-The correction of 2017 net income is: b-Total amount of declared & paid dividend for 2018 is: c-The amount of retained earning reported in Dec 31, 2019 is: