3. The following information is from Kraft Foods Company for the year ended December 31, 2020. Retained earnings at December 31, 2019 (before discovery of error), $1,500,000. (10 points) a. Cash dividends declared and paid during the year, $75,000. b. Two years ago, it forgot to record depreciation expense of $46,000 (net of tax benefit). This was found by their accountants during 2020, and was determined to have a material impact on the financials of Kraft Foods. C. The company earned $279,000 in net income this year. Prepare a statement of retained earnings for Kraft Foods Company, in good form and with a correct heading. (Amounts to be deducted should be indicated with a minus sign.)