3.5 points At the 15 January 2019, the amount of Retained earnings reported by Moon Corporation is $2,500,000. During 2019, Moon Corporation in common stocks of $750,000, declad and paid cash dividends of $140,000, and declared share dividends of $320,000. The amount of net income of 2019 reported by Moon Corporation is $1,000,000 Moon Corporation was required to make a correction of understatement of depreciation expenses in prior years of $430,000 (net of tax) Required: How much was the retained earnings reported on 31st December, 2019? (Show your calculations)