Please help these answers are wrong and this is for a grade!!!

Crane Corporation began operations on January 1, 2017. During its first 3 years of operations, Crane reported net income and declared dividends as follows: Dividends declared $-0- 2017 2018 2019 Net income $47800 130500 167700 56500 60000 The following information relates to 2020. Income before income tax Prior period adjustment: understatement of 2018 depreciation expense (before taxes) Cumulative decrease in income from change in inventory methods (before taxes) Dividends declared (of this amount, $28800 will be paid on Jan. 15, 2021) Effective tax rate $248300 $28800 $43000 $116500 20% Prepare a 2020 retained earnings statement for Crane Corporation. (List items that increase adjusted retained earnings first.) CRANE CORPORATION Retained Earnings Statement For the Year Ended December 31, 2020 Balance, January 1, as Reported 229500 Correction for Depreciation Error (17280) Cumulative Decrease in Income from Change in Inventory Methods (25800) Balance, January 1, as Adjusted 186420 Net Income /(Loss) 148980 335400 Dividends Declared 116500 Balance, December 31 218900 e Textbook and Media x Your answer is incorrect. Assume Crane Corporation restricted retained earnings in the amount of $76240 on December 31, 2020. After this action, what would Crane report as total retained earnings in its December 31, 2020, balance sheet? Total retained earnings $ 218900