Sima Corporation reports the following information: Correction of understatement of depreciation expense in prior years, net of tax $ 430,000, Dividends declared 320,000, Net income 1,000,000 and Retained earnings, 1/1/2020, as reported 2,000,000. Sima should report retained earnings, 1/1/2020, as adjusted at:

a.

$1,570,000.

b.

$2,430,000.

c.

$2,000,000.

d.

$3,110,000.