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Brief Exercise 4-10 Skysong Corporation has retained earnings of $697,600 at January 1, 2017. Net income during 2017 was $1,692,900, and cash dividends declared and paid during 2017 totaled $81,700. Prepare a retained earnings statement for the year ended December 31, 2017. Assume an error was discovered: land costing $88,590 (net of tax) was charged to maintenance and repairs expense in 2014. (List items that increase retained earnings first.)