Beta Corporation had retained earnings of $253,000 on January 1, 2010. The company has a net loss of $43,500 during 2010. It declared and paid a dividend of $21,000 as a cash dividend. In 2010, the company recorded an adjustment of $10,000 due to the understatement (from a math error) of 2009 depreciation.

Prepare a retained earnings statement for the year ending December 31, 2010.

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