Barnes Company has the following information from its accounting records on December 31. O Accumulated Depreciation $ 20800 Correction of previous year error, resulting in $ 51,500 additional income 0 Net Income 190,000 0 Beginning Retained Earnings 319,000 O Cash Dividends Declared 38,007 O Income tax rate 25% O Cash Dividends Paid 56,745 Required: Prepare a statement of retained earnings on December 31. Barnes Company Statement of Retained Earnings For Year Ended, December 31 Beginning Retained Earnings: $ 319,000 (Choose one) Adjusted Beginning Retained Earnings: 319,000 (Choose one) Ending Retained Earnings $ 319,000