D. Long-term Liabilities QUESTION 40 Adele Inc. reports the following information: Correction of understatement of depreciation expense in prior years before taxes $ 1.075,000 Dividends declared 480,000 Income before income tax 2,500,000 Retained earnings, 1/1/20, as reported 6,000,000 Effective income tax rate 40% Determine 1. Adele should report the beginning balance of retained eamings after prior period adjustment, 1/1/20, at 2. Assuming that you computed the beginning balance of retained earnings after adjustment to be $5,330,000. Adele should report retained earnings, 12/31/20, at Express your answer as an integer without 5 sign (Round all computations to the nearest dollar. For example, input 100.000" if your answer is 5100,000. 22). Click Save and Submit to save and submit. Click Save All Answers to save all answers