Joe Novak Corporation reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax $ 215,000, Dividends declared 160,000, Net income 500,000 Retained earnings, 1/1/2019, as reported 1,000,000, Joe Novak should report retained earnings, 1/1/2019, as adjusted at .a. $1,215,000 .b. $1,555,000 .c. $785,000 .d. $1,000,000