I need help.

Phillips Company has the following information from its accounting records on December 31. $ 30700 Correction of previous year Accumulated Depreciation O error, resulting in $ 40,100 additional income O Beginning Retained Earnings 206,000 Net Income 200,000 O Cash Dividends Declared 56,110 O Income tax rate 21% O Cash Dividends Paid 58,904Required: Prepare a statement of retained earnings on December 31. Phillips Company Statement of Retained Earnings For Year Ended, December 31 Beginning Retained Earnings: $ 206,000 (Choose one) Adjusted Beginning Retained Earnings: 206,000 (Choose one) Ending Retained Earnings $ 206,000