Sunland Company reports the following information: Correction of overstatement of depreciation expense in prior years, net of tax $ 647000 Dividends declared 470000 Net income 1507000 Retained earnings, 1/1/20, as reported 5870000 Sunland should report retained earnings, 12/31/20, at O $5223000. O $6907000. O $6260000. O $7554000