Presented below are the comparative income and retained earnings statements for Skysong Inc. for the years 2020 and 2021.

		2021			2020
Sales		$374,000			$296,000
Cost of sales		191,000			138,000
Gross profit		183,000			158,000
Expenses		86,400			46,800
Net income		$96,600			$111,200
Retained earnings (Jan. 1)		$166,000			$78,500
Net income		96,600			111,200
Dividends		(32,900	)		(23,700	)
Retained earnings (Dec. 31)		$229,700			$166,000

The following additional information is provided:

1.		In 2021, Skysong Inc. decided to switch its depreciation method from sum-of-the-years digits to the straight-line method. The assets were purchased at the beginning of 2020 for $102,000 with an estimated useful life of 4 years and no salvage value. (The 2021 income statement contains depreciation expense of $30,600 on the assets purchased at the beginning of 2020.)
2.		In 2021, the company discovered that the ending inventory for 2020 was overstated by $23,600; ending inventory for 2021 is correctly stated.

Prepare the revised retained earnings statement for 2020 and 2021, assuming comparative statements. (Ignore income taxes.)