Bonita Corporation has retained earnings of $$679,700$ at January $1,2020.$ Net income during $2020$ was $$1,641,700,$ and cash dividends declared and paid during $2020$ totaled $$81,700.$ Prepare a retained earnings statement for the year ended December $31,2020.$ Assume an error was discovered: land costing $$86,300($net of tax$)$ was charged to maintenance and repairs expense in $2019.($List items that increase retained earnings first.$)$