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The following information was extracted from the accounts of Cullumber Company at December 31, 2020: CR(DR) Total reported income since incorporation $4760000 Total cash dividends

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The following information was extracted from the accounts of Cullumber Company at December 31, 2020: CR(DR) Total reported income since incorporation $4760000 Total cash dividends paid (2320000) Unrealized holding loss on available-for-sale securities (356000) Total stock dividends distributed (607000) Prior period adjustment, recorded January 1, 2020 223000 What should be the balance of retained earnings at December 31, 2020? $2056000. $1700000 $1713000. $2833900

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