Given the following information about a corporation's current year activities, compute the retained earnings for the current year Retained earnings, December 31 prior year) $250,000 Cost of goods sold $90,000 Other operating expenses $54,000 Cash dividends $30,800 Correction of understatement of net income in prior period (inventory error) $23.000 Stock dividends $20,000 Net income $36,000 Paragraph B I Path: p