Below is the Retained Earnings account for the year 2017 for Cullumber Corp.

Retained earnings, January 1, 2017				$258,430
Add:
Gain on sale of investments (net of tax)		$42,030
Net income		85,330
Refund on litigation with government, related to the year 2014 (net of tax)		22,430
Recognition of income earned in 2016, but omitted from income statement in that year (net of tax)		26,230		176,020
				434,450
Deduct:
Loss on discontinued operations (net of tax)		35,830
Write-off of goodwill (net of tax)		60,830
Cumulative effect on income of prior years in changing from LIFO to FIFO inventory valuation in 2017 (net of tax)		24,030
Cash dividends declared		32,830		153,520
Retained earnings, December 31, 2017				$280,930

(a) Prepare a corrected retained earnings statement. Cullumber Corp. normally sells investments of the type mentioned above. FIFO inventory was used in 2017 to compute net income. (List items that increase adjusted retained earnings first.)