Oswald Company reported retained earnings at December 31, 2016, of $310,000. Oswald had 200,000 shares of common stock outstanding throughout 2017. The following transactions occurred during 2017 1. An error was discovered: in 2015, depreciation expense was recorded at $70.000, but the correct amount was $60,000. 2. A cash dividend of $0.50 per share was declared and paid. 3 A 5% stock dividend was declared and distributed when the market price per share was $18 per share. 4. Net income was $285,000. Prepare a retained earnings statement for 2017