Metlock Corporation began operations on January 1, 2022. During its first 3 years of operations, Metlock reported net income and declared dividends as follows. The following information relates to 2025. Income before income tax $235,200 Prior period adjustment: understatement of 2023 depreciation expense (before taxes) 24,500 Dividends declared (of this amount, $24,500 will be paid on Jan. 15, 2026) 98,000 Effective tax rate 20% Prepare a 2025 retained earnings statement for Metlock Corporation. (List items that increase adjusted retained earnings first.) Assume Metlock Corporation restricted retained earnings in the amount of $68,600 on December 31,2025 . After this action, what would Metlock report as total retained earnings in its December 31, 2025, balance sheet? Total retained earnings $