Oriole Corporation began operations on January 1, 2022. During its first 3 years of operations, Oriole reported net income and declared dividends as follows. Net income Dividends declared 2022 $47,200 $-0- 2023 147,500 59,000 2024 188,800 59,000 The following information relates to 2025. Income before income tax $283,200 Prior period adjustment: understatement of 2023 depreciation expense (before taxes) Dividends declared (of this amount, $29,500 will be paid on Jan. 15, 2026) 29.500 118,000 Effective tax rate 20% Prepare a 2025 retained earnings statement for Oriole Corporation. (List items that increase adjusted retained earnings firs ORIOLE CORPORATION Retained Earnings Statement For the Year Ended December 31, 2025 Balance, January 1, as Reported Correction for Depreciation Error Balance, January 1, as Adjusted Add : Net Income/(Loss) Less Dividends Declared Balance, December 31 1 265500 23600 289100 226550