Blossom Corporation began operations on January 1, 2022. During its first 3 years of operations, Blossom reported net income and declared dividends as follows: Net income Dividends declared 2022 $173,000 2023 512,000 2024 661,000 $ -0- 210,000 210,000 The following information relates to 2025. Income before income tax $910,000 Prior period adjustment: understatement of 2023 depreciation expense (before taxes) $104,000 Cumulative decrease in income from change in inventory methods (before taxes) Dividends declared (of this amount, $104,000 will be paid on Jan. 15, 2026) $164,000 $420,000 Effective tax rate 20 % (a) Prepare a 2025 retained earnings statement for Blossom Corporation. (List items that increase adjusted retained earnings first.) Add : BLOSSOM CORPORATION Retained Earnings Statement Less : Dividends Declared > EA >