Assume Metiock Corporation restricted retained earnings in the amount of $69,360 on December 31, 2020. After this action, what would Metlock report as total retained earnings in its December 31, 2020, balance sheet? Total retained earnings so For the Year Ended December 31, 2020 Balance, January 1, as Reported 231600 Correction for Depreciation Error (20480) Cumulative Decrease in Income from Change in Inventory Methods (29600) Balance, January 1, as Adjusted 181520 Add D Net Income / (Los) 198320 379840 Less D Dividends Declared 1 (106000) Balance, December 31 273840 LINK TO TEXT x Your answer is incorrect. Try again. Assume Metlock Corporation restricted retained earnings in the amount of $69,360 on December 31, 2020. After this action, what would Metlock report as total retained earnings in its December 31, 2020, balance sheet? Total retained earnings 69360