Ivanhoe Company reports the following information: Correction of understatement of depreciation expense in prior years, net of tax $ 1280000 Dividends declared 955000 Net income 3145000 Retained earnings, 1/1/20, as reported 5930000 Ivanhoe should report retained earnings, 12/31/20, at O $8120000. O $4650000. 0 $9400000. O $6840000. Pharoah Company reported the following information for 2020: Sales revenue $2054000 Cost of goods sold 1391000 Operating expenses 223000 Unrealized holding gain on available-for-sale securities 120100 Cash dividends received on the securities 8100 For 2020, Pharoah would report other comprehensive income of O $448100. O $440000. O $120100. O $128200. Free cash flow is calculated as net cash provided by operating activities less O capital expenditures only. O dividends only. O both capital expenditures and dividends. O both capital expenditures and depreciation