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

Retained earnings at December 31 of the prior year (before discovery of an error) was $1,375,000.

Amos discovered this year that it forgot to record depreciation expense of $55,500 (net of tax benefit) two years ago.

Cash dividends declared and paid in the current year were $43,000.

Reported $126,000 of net income in the current year.

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