Crane Company reports the following information:

Correction of understatement of depreciation expense
in prior years, net of tax	$ 1284000
Dividends declared	967000
Net income	3040000
Retained earnings, 1/1/20, as reported	5950000

Crane should report retained earnings, 1/1/20, as adjusted at

$5950000.

$9307000.

$7234000.

$4666000.