The following account balances were included in the trial balance of Oriole Corporation at June 30, 2020 Sales revenue 1,579,860 Depreciation expense (office furniture and equipment) 31,690 897.100 Sales discounts Cost of goods sold Salaries and wages expense (sales) Sales commissions Travel expense (salespersons) Property tax expense Bad debt expense (selling) Maintenance and repairs expense (administration) 56,690 98,950 Office expense 31,900 Delivery expense 23,150 Sales returns and allowances Dividends received Interest expense Entertainment expense 15.110 9,080 Income tax expense 5,069 Telephone and Internet expense (sales) Depreciation expense (sales equipment) Maintenance and repairs expense (sales) Miscellaneous selling expenses Office supplies used 6,440 Depreciation understatement due to error-2017 (net of tax) Dividends declared on preferred stock Dividends declared on common stock 5,045 3.368 Telephone and Internet expense (administration) 3,097 88F Clear 6 e included in the trial balance of Oriole Corporation at June 30, 2020. $ 1,579,860 Depreciation expense (office furniture and equipment) $ 6,762 31,690 6,843 Property tax expense Bad debt expense (selling) 897.100 4,503 56,690 Maintenance and repairs expense (administration) 8,281 98,950 Office expense 5.980 31,900 Sales returns and allowances 63,694 23,150 Dividends received 39.910 15,110 Interest expense 16,440 9.080 Income tax expense 98,290 5,069 Depreciation understatement due to error-2017 (net of tax) 17,004 6,440 9.210 Dividends declared on preferred stock Dividends declared on common stock 5,045 38,360 3,368 ation) 3,097 ve and internet expense (administration) 3,097 The Retained Earnings account had a balance of $ 364,510 at July 1, 2019. There are 83.970 shares of common stock outstanding. (a 1) ORIOLE CORPORATION Retained Earnings Statement For the Year Ended June 30, 2020 Retained Earnings, July 1, 2019, as Reported Correction of Depreciation Understatement Retained Earnings, July 1, 2019. as Adjusted Add Net Income /(Loss) Less Dividends Declared on Preferred Stock Dividends Declared on Common Stock $ Retained Earnines July 1 2019.as Reported