At January 1, 2020, Carla Company reported retained earnings of $ 1,801,000. In 2020, Carla discovered that 2019 depreciation expense was understated by $ 360,200. In 2020, net income was $ 815,000 and dividends declared were $ 275,000. The tax rate is 20%. Prepare a 2020 retained earnings statement for Carla Company. CARLA COMPANY Retained Earnings Statement $