The following information is available for Ballard Company for the year ended December 31,2011. Balance of retained earnings, December 31.2010, prior to discovery of error, $850,000. Cash dividends declared and paid during 2011, $15,000. It neglected to record 2009 depreciation expense of $55,600. which is net of $5,500 in income taxes. The company earned $205,000 in 2011 net income. Prepare a 2011 statement of retained earnings for Ballard Company