At January 1, 2017, Bonita Company reported retained earnings of $2,170,000. In 2017, Bonita discovered that 2016 depreciation expense was understated by $428,000. In 2017, net income was $922,000 and dividends declared were $225,000. The tax rate is 35% Prepare a 2017 retained earnings statement for Bonita Company. BONITA COMPANY Retained Earnings Statement Click if you would like to Show Work for this question: Open Show Work