Happy Corporation reports the following information: Understatement of depreciation expense in prior years before tax $1,612,500 Dividends declared and paid 960,000 Net income 3,000,000 Retained earnings, 1/1/2020, as reported 6,000,000 Happy is subject to 20% income tax rate. What amount should Happy report as retained earnings on 12/31/2020? Example of Answer: 4000 (No comma, space, decimal point or $ sign)