Cullumber Company reports the following information:

Correction of understatement of depreciation expense in prior years, net of tax $ 1280000

Dividends declared 969000

Net income 2889000

Retained earnings, 1/1/17, as reported 6070000

Cullumber should report retained earnings, 12/31/17, at

A)$4790000.

B)$6710000.

C)$7990000.

D)$9270000.