Presented below is information related to Bonita Corp. for the year 2020. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue $1,248,000 748,800 62,400 46,080 19,200 6,720 Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2019 Casualty loss Cash dividends declared Retained earnings at December 31, 2019 Effective tax rate of 20% on all items $76,800 52,800 48,000 43,200 940,800 Prepare a separate retained earnings statement for 2020. (List items that increase adjusted retained earnings first.)