Pronghorn reportea net income and decirea dividenas as TONTOWS: Net income Dividends declared 2017 $ 58,000 $0 2018 135.000 50.000 2019 165.000 50.000 The following information is for 2020: Income before income tax $320.000 Correction of prior period error: understatement of 2018 depreciation expense (before tax) 43.000 Cumulative increase in prior years'income from change in inventory method (before tax) 53.000 Dividends declared (of this amount. $ 25,000 will be paid on January 15, 2021) 100.000 Effective tax rate 40% Prepare a 2020 statement of retained earnings for Pronghorn Corporation. The company follows ASPE. (List items that increase retaine