Please answer it.

Sheffield Co has retained earnings of $715,700 at January 1, 2017. Net income during 2017 was $1,567,700, and cash dividends declared and paid during 2017 totaled $83,500. Prepare a earnings statement for the year ended December 31, 2017. Assume an error was discovered: land costing $88,840 (net of tax) was charged to maintenance and repairs expense in 2014 (List items that increase retained earnings first.)