Below is the retained Earnings account for the year 2020 for Marigold Corp. Retained earnings, January 1, 2020 $ 264,670 Add: Gain on sale of investments (net of tax) $ 48,270 Net income 91,570 28,670 Refund on litigation with government, related to the year 2017 (net of tax) Recognition of income earned in 2019, but omitted from income statement in that year (net of tax) 32,470 200,980 465,650 Deduct: Loss on discontinued operations (net of tax) 42,070 67,070 Write-off of goodwill (net of tax) Cumulative effect on income of prior years in changing from LIFO to FIFO inventory valuation in 2020 (net of tax) 30,270 Cash dividends declared 39,070 178,480 Retained earnings, December 31, 2020 $ 287,170 (a) Prepare a corrected retained earnings statement. Marigold Corp. normally sells investments of the type mentioned above. FIF inventory was used in 2020 to compute net income. (List items that increase adjusted retained earnings first.) MARIGOLD CORP. Retained Earnings Statement $