Pina Colada Corporation prepares financial statements in accordance with ASPE. At January $1,2023,$ the company had retained earnings of $$1,420,000.$ In $2023,$ net income was $$327,000,$ and cash dividends of $$60,000$ were declared and paid.

Prepare a statement of retained earnings for Pina Colada Corporation, assuming that in $2023,$ Pina Colada discovered that it had $.$ overstated $2020$ depreciation by $$35,000($net of tax of $$17,000).($List items that increase retained earnings first after adjusted balance$).)$

Pina Colada Corporation Statement of Retained Earnings