Eddie Zambrano Corporation began operations on January 1, 2011. During its first 3 years of operations, Zambrano reported net income and declared dividends as follows. Net income Dividends declared 2011 $41,400 $ 0 2012 134,500 56,700 2013 169,200 56,300 The following information relates to 2014. Income before income tax $234,400 Prior period adjustment: understatement of 2012 depreciation expense (before taxes) $30,100 Cumulative decrease in income from change in inventory methods (before taxes) $42,100 Dividends declared (of this amount, $30,100 will be paid on January 15, 2015) $113,000 Effective tax rate 40% Prepare a 2014 retained earnings statement for Eddie Zambrano Corporation. (List items that increase retained earnings first.)