Presented below is information related to Cheyenne Corp. for the year 2017.

Net sales		$1,307,700		Write-off of inventory due to obsolescence		$84,810
Cost of goods sold		783,400		Depreciation expense omitted by accident in 2016		44,900
Selling expenses		70,400		Casualty loss		46,800
Administrative expenses		57,500		Cash dividends declared		41,910
Dividend revenue		24,700		Retained earnings at December 31, 2016		1,018,730
Interest revenue		7,450		Effective tax rate of 34% on all items

Prepare a separate retained earnings statement for 2017. (List items that increase adjusted retained earnings first.) CHEYENNE CORP. Retained Earnings Statement For the Year Ended December 31, 2017 Retained Earnings, January 1, as reported Correction for Overstatement of Net Income in Prior Period Retained Earnings, January 1, as adjusted Add:Net Income/(Loss) Less . Dividends Declared Retained Earnings, December 31