Sheridan Corporation has retained earnings of $716,100 at January 1, 2020. Net income during 2020 was $1,454,700, and cash dividends declared and paid during 2020 totaled $84,000. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $87,070 (net of tax) was charged to maintenance and repairs expense in 2019. (List items that increase retained earnings first.) SHERIDAN CORPORATION Retained Earnings Statement $ >