The following information is from Amos Company for the current year ended December 31.

1. Retained earnings at December 31 of the prior year (before discovery of an error) was $865,000.
2. Amos discovered this year that it forgot to record depreciation expense of $38,600 (net of tax benefit) two years ago.
3. Cash dividends declared and paid in the current year were $14,000.
4. Reported $205,000 of net income in the current year.

Prepare a statement of retained earnings for Amos Company for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.