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Below is the Retained Earnings account for the year 2025 for Novak Corp. Retained earnings, January 1, 2025 $258,100 Add: (a) Prepare a corrected retained

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Below is the Retained Earnings account for the year 2025 for Novak Corp. Retained earnings, January 1, 2025 $258,100 Add: (a) Prepare a corrected retained earnings statement. Novak Corp. normally sells investments of the type mentioned above. FIFO inventory was used in 2025 to compute net income. (List items that increase adjusted retained earnings first.)

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