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On January 1, 2021, Trey Corporation had retained earmings of $800,000. During the year, Trey had the following selected transactions. 1. Declared cash dividends $100,000. 2. Corrected overstatement of 2020 net income because of inventory error $25,000. 3. Declared stock dividends $80,000. 4. Eamed net income $425,000. Instructions: Reproduce the retained earnings account (T-account) for 2021. You must label the transaction