Cullumber Company reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax $ 647000 Dividends declared 471000 Net income 1497000 Retained earnings, 1/1/20, as reported 6040000 Cullumber should report retained earnings, 12/31/20, at $ 6419000. $5393000. $ 7066000. $ 7713000. Save for Later