of Given the following information for Itani Company for the year 2020: Correction of understatement of depreciation expense in prior years, net of tax $ 430,000 Dividends declared 320,000 Net income 1,000,000 Retained earnings at January 1, 2020 as reported 2,000,000 The retained earnings balance in January 1, 2020 (as restated) for Itani Company is? a. $2,430,000 O b. $2,000,000 c. $3,110,000 d. $1,570,000