Below is the Retained Earnings account for the year 2017 for Sandhill Corp. Retained earnings, January 1, 2017 Add: $265,200 Gain on sale of investments (net of tax) Net income Refund on litigation with government, related to the year 2014 (net of tax) Recognition of income earned in 2016, but omitted from income $48,800 92,100 29,200 statement in that year (net of tax) 33,000 203,100 468,300 Deduct: Loss on discontinued operations (net of tax) Write-off of goodwill (net of tax) Cumulative effect on income of prior years in changing from 42,600 67,600 LIFO to FIFO inventory valuation in 2017 (net of tax) 30,800 39,600 180,600 Cash dividends declared Retained earnings, December 31, 2017 $287,700 (a) Prepare a corrected retained earnings statement. Sandhill 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.)