Question 3 Use the following information Net income $100,000 $10.000 $5,000 Prior period adjustment (error), understatement of salary expense, (before taxes) Cumulative decrease in income from change in inventory method, (before taxes) Dividends declared and paid Retained earnings, 1/1/15, as reported $2,000 10,000 Income Tax rate 20% The company should report retained earings, December 31, 2015, of A. 120,000 B. 96,000 C.93,000 D. 123,000 A Moving to another question will save this response