Portland Corporation reports the following information: Correction of understatement of depreciation expense in prior years, net of tax Dividends declared Net income Retained earnings, January 1, 2020, as reported $1,376,000 1,024,000 3,200,000 6,400,000 Portland should report retained earnings at January 1, 2020, as adjusted at 0 $8,576,000. $9,952,000. O $7,200,000. N $5,024,000. Scooby Corp. 's trial balance included the following account balances at December 31, 2020: Accounts receivable (net) Trading securities Accumulated depreciation on equipment and furniture Cash Inventory Equipment Patent Prepaid expenses Land held for future business site $82,000 14,000 30,000 20,000 54,000 50,000 8,000 3,000 36,000 In Scooby's December 31, 2020 statement of financial position, the current assets total is $173,000. $147,000. O $209,000 $ 181,000