Current Attempt in Progress Blossom Company reports the following information: Correction of understatement of depreciation expense in prior years, net of tax $ 1300000 Dividends declared 970000 Net income 3021000 Retained earnings, 1/1/20, as reported 5880000 Blossom should report retained earnings, 12/31/20, at O $9231000. O $7931000 $6631000. O $4580000 Save for Later