aBC company began trading on 1 January 2018, preparing accounts to 31 December each year. As at 31 December 2019, the company adopted a new accounting policy with regard to the measurement of inventories. If the new policy had been applied in previous year, the company's inventory at 31 December 2018 should be $140,000 higher than the amount originally calculated. As, the inventory at 31 December 2019 should be $90,000 higher than the amount originally calculated. Before accounting retrospectively for the change in accounting policy, the returned earnings on 1 January 2019 were $2,100,000. No taxes were paid in any year. - After change the accounting policy, the returned earnings on 1 January 2019 should be