A company reported retained earnings of \$230,000 at December 31 of the prior year. Calculate the retained earnings balanc at December 31 of the current year using the following data. - Net income for the current year is $36,000. - Cash dividends declared and paic for the current year is $52,000. - This year the company discovered o math error from two years ago; to correct for this, $23,000 (net of tax) must be added to the current year's beginning retained earnings balance