The Dayton Corporation began the current year with a retained earnings balance of $10,575. During the year, the company corrected an error made in the prior year, which was a failure to record a depreciation expense of $3,765 on equipment. Also, during the current year, the company earned net income of $16,604 and declared cash dividends of $6,224. Compute the year end retained earnings balance. Select the correct answer. O$17,190 O $20,955 O$37,168 $10,575