Marigold Corporation has retained earnings of $691,700 at January 1, 2020. Net income during 2020 was $1,632,000, and cash dividends declared and paid during 2020 totaled $76,900. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $88,670 (net of tax) was charged to maintenance and repairs expense in 2019. (List items that increase retained earnings first.) MARIGOLD CORPORATION Retained Earnings Statement : : $ $