At January $1,2025,$ Whispering Company reported retained earnings of $$1,957,000.$ In $2025,$ Whispering discovered that $2024$ depreciation expense was understated by $$391,400.$ In $2025,$ net income was $$941,000$ and dividends declared were $$221,000.$ The tax rate is $20\%.$

Prepare a $2025$ retained earnings statement for Whispering Company.