need part b please

Skyseng Corporation began operations on January 1 2017 During its first 3 years of operations. Skysong reported net income and declared dividends as follows: 2017 2018 2019 Net Income $45 100 132,100 161100 Dividends declared $-0- 56,400 53.900 The following information relates to 2020. Income before income tax Prior period adjustment understatement of 2018 depreciation expense (before taxes) Cumulative decrease in income from change in inventory methods (before taxes) Dividends declared (of this amount $31.500 will be paid on Jan 15, 2021) Effective tax rate $223 800 $31.500 $38.500 $110,300 20 la) Your answer is correct Prepare a 2020 retained earnings statement for Skysong Corporation (hit items that increase justed vetered earnings fort) SKYSONG CORPORATION Retained Earnings Statement For the Year Ended December 31, 2020 ancy Las Reported 22.000 Correction for Depreciation Error -25.2001 Gare income from Change in inventory Methods 30.800 Bunuary. Add 172.000 Add 17.00 3510 Dinda Dudared 110.300 Prepare a 2020 retained earnings statement for Skysong Corporation (List items that increase adjusted retained earnings first) SKYSONG CORPORATION Retained Earnings Statement For the Year Ended December 31, 2020 Balance, January 1, as Reported 228.000 Correction for Depreciation Error -25,200 Cumulative Decrease in income from Change in Inventory Method -30.800 i Balance, Jascary 1, as Adjusted 172.000 Add VB Net Income/(Loss! 179040 351,040 Less V Dividends Declared 110.300 Balance December 31 240.740 eTextbook and Media Attempts: 2 of 3 used (b) Your answer is incorrect Assume Skysong Corporation restricted retained earnings in the amount of $73,220 on December 31, 2020. After this action, what would Skysong report as total retained earnings in its December 31, 2020, balance sheet? Total retained earning $