Leonard Corporation reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax $ 430,000 Dividends declared 320,000 Net income 1,000,000 Retained earnings, 1/1/20, as reported 4,000,000 Leonard should report retained earnings, 12/31/20, at $5,110,000. O $4,250,000. $3,570,000. $4,680,000