Annie May Bakery, Inc reported a prior-period adjustment in 2016. As accounting error caused net income of prior years to be overstated by $9,000. Retained Earnings at December 31, 2015, as previously reported, was $41,000 Net income for 2016 was $70,000, and dividends declared were $30,000. Prepare the company's statement of retained earnings for the year ended December 31, 2016