Nash Corporation has retained earnings of $691, 700 at January 1, 2017. Net income during 2017 was $1, 632,000, and cash dividends declared and paid during 2017 totaled $ 76, 900. Prepare a retained earnings statement for the year ended. December 31, 2017. Assume an error discovered: land costing $88, 670 (net of tax) was charge to maintenance and repairs expense in 2014. (List items that increase retained earnings first.)