Presented below are the comparative income and retained earnings statements for Blue Inc. for the years 2017 and 2018.

		2018			2017
Sales		$365,000			$266,000
Cost of sales		218,000			146,000
Gross profit		147,000			120,000
Expenses		89,100			48,400
Net income		$57,900			$71,600
Retained earnings (Jan. 1)		$120,300			$72,700
Net income		57,900			71,600
Dividends		(27,700	)		(24,000	)
Retained earnings (Dec. 31)		$150,500			$120,300

The following additional information is provided:

1.		In 2018, Blue 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 2017 for $100,500 with an estimated useful life of 4 years and no salvage value. (The 2018 income statement contains depreciation expense of $30,150 on the assets purchased at the beginning of 2017.)
2.		In 2018, the company discovered that the ending inventory for 2017 was overstated by $26,000; ending inventory for 2018 is correctly stated.

Prepare the revised retained earnings statement for 2017 and 2018, assuming comparative statements. (Ignore income taxes.)