On December 31, 2010, before the books were closed, the management and accountants of Madrasa Inc. made the following determinations about three depreciable assets. **Depreciable asset A was purchased January 2, 2007. It originally cost $540,000 and, for depreciation purposes, the straight-line method was originally chosen. The asset was originally expected to be useful for 10 years and have a zero salvage value. In 2010, the decision was made to change the depreciation method from straight- line to sum-of-the-years'-digits, and the estimates relating to useful life and salvage value remained unchanged. **Depreciable asset B was purchased January 3, 2006. It originally cost $180,000 and, for depreciation purposes, the straight-line method was chosen. The asset was originally expected to be useful for 15 years and have a zero salvage value. In 2010, the decision was made to shorten the total life of this asset to 9 years and to estimate the salvage value at $3,000. **Depreciable asset C was purchased January 5, 2006. The asset's original cost was $160,000, and this amount was entirely expensed in 2006. This particular asset has a 10-year useful life and no salvage value. The straight-line method was chosen for depreciation purposes. Additional data: ~Income in 2010 before depreciation expense amounted to $400,000. ~Depreciation expense on assets other than A, B, and C totaled $55,000 in 2010. ~Income in 2009 was reported at $370,000. ~Ignore all income tax effects. ~100,000 shares of common stock were outstanding in 2009 and 2010. INSTRUCTIONS: Complete the comparative retained earnings statements for Madrasa Inc. for 2009 and 2010. The company had retained earnings of $200,000 at Dec. 31, 2008. **The information I have below is correct, but I don't know how to figure out the other values. _________________________________________________2010____________2009 Retained earnings, Jan. 1, as previously reported_________?____________$200,000 Add: Error in recording Asset C________________________?________________? Retained earning, Jan. 1, as adjusted___________________?________________? Add: Net Income__________________________________$208,700 ___________? Retained earnings, Dec. 31____________________________?________________