Drop down options are:

Accumulated Depreciation

Dividends

Net Income

Prior Period Adjustment

Martinez Company has the following information from its accounting records on December 31. Accumulated Depreciation S 20800 $ 37,500 Correction of previous year error, resulting in additional income Net Income 257,000 130,000 Beginning Retained Earnings Cash Dividends Declared 39,346 Income tax rate 41% Cash Dividends Paid 29,691 Required: Prepare a statement of retained earnings on December 31. Martinez Company Statement of Retained Earnings For Year Ended, December 31 Beginning Retained Earnings: $ 257,000 (Choose one) 257,000 Adjusted Beginning Retained Earnings: (Choose one) Ending Retained Earnings $ 237,000 5