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Metlock Company reports the following information: Correction of understatement of depreciation expense in prior years, net of tax 1,290,000 Dividends declared 955,000 Net income 3,046,000

Metlock Company reports the following information:

Correction of understatement of depreciation expense
in prior years, net of tax 1,290,000
Dividends declared 955,000
Net income 3,046,000
Retained earnings, 1/1/20, as reported 6,020,000

Metlock should report retained earnings, 12/31/20, at

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