Skysong Corporation has retained earnings of $691,300 at January 1, 2020. Net income during 2020 was $1,552,100, and cash dividends declared and paid during 2020 totaled $82,000. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $88,390 (net of tax) was charged to maintenance and repairs expense in 2019, (List items that increase retained earnings first.) SKYSONG CORPORATION Retained Earnings Statement For the Year Ended December 31, 2020 Retained Earnings, January 1, as Adjusted