Corporation has retained earnings of $620,000 a dcovered Land costing $80,000 (net of tax) was ch to repairs expense in 2014. y1, 2015. Net income during 2015 was $1,400.000, and cash dividends declared and paid during 2015 tled $75S.000Asume an e Required How much is the adjusted retained earmings balance at 1st January 2015.