8 RETAINED EARNINGS STATEMENT "ABC" retained earnings of 5,130,000 on January 1, 2017. During the year, "ABC" earned 2,000,000 of net income. It declared and paid a 250,000 cash dividend. In 2017, "ABC" recorded an adjustment of 180,000 due to the understatement (from a mathematical error) of the 2016 depreciation expense. Based on the above-given information, prepare a retained earnings statement for 2017