Brief Exercise 4-10 Grouper Corporation has retained earnings of $707,500 at January 1, 2017. Net income during 2017 was $1,413,400, and cash dividends declared and paid during 2017 totaled $80,900. Prepare a retained earnings statement for the year ended December 31, 2017. Assume an error was discovered: land costing $88,730 (net of tax) was charged to maintenance and repairs expense in 2014. (List items that increase retained earnings first.) GROUPER CORPORATION Retained Earnings Statement LINK TO TEXT LINK TO TEXT