Splish Corporation began operations on January 1, 2022. During its first 3 years of operations, Splish reported net income and declared dividends as follows: The following information relates to 2025 . Income before income tax Prior period adjustment: understatement of 2023 depreciation expense (before taxes) Cumulative decrease in income from change in inventory methods (before taxes) Dividends declared (of this amount, $103,000 will be paid on Jan. 15,2026 ) Effective tax rate $927,000 $103,000 $140,000 $478,000 20% (a) Prepare a 2025 retained earnings statement for Splish Corporation. (List items that increase adjusted retained earnings first.)