on the second picture there are a bunch of answers that the edges are highlighted red. Those answers are wrong and if you can tell me the righr answers and how you got those answers, that will be great. Also, for net income/ loss i got the correct answer of 180240. i cant remeber the steps to get that answer, so if you can go over that also then that will be a real help. thank you

10.2/12 Question 2 View Policies Show Attempt History You are viewing Attempt 4 Vaughn Corporation began operations on January 1, 2017. During its first 3 years of operations, Vaughn reported net income and declared dividends as follows: 2017 2018 2019 Net income Dividends declared $48.200 s-o- 126.000 55,400 165.100 57.300 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, $28,400 will be paid on Jan. 15, 2021) Effective tax rate $225.300 $28.400 $44.100 $112.700 20% (a) Your Answer Correct Answer - Your answer is partially correct. Prepare a 2020 retained earnings statement for Vaughn Corporation Liste that increase adjusted retained earnings first.) VAUGHN CORPORATION Retained Earnings Statement For the Year Ended December 31, 2020 Balance January 1, as Reported 399300 Correction for Depreciation Error 22720 Cumulative Decrease in income from angin 35260 Balance, January 1, as Absted 281300 Add Net Income / Loss 180240 461540 Lens Dividends Declared 112700 Balance December 31 348840 (b) Your Answer Correct Answer Your answer is correct Assume Vaughn Corporation restricted retained earnings in the amount of $71420 on December 31, 2020. After this action, what would Vaughn reportas total retained earnings in its December 31, 2020 balance sheet? Total retained earnings 236140