The Retained Earnings for ABC Corporation at January 1, 2020 were $232,500. The corporation had 30,000 shares of common stock outstanding during the year 2020. During the year the following transactions occurred: A. The company discovered that it had mistakenly recorded the depreciation expense for 2019 as $23,000 while the correct amount was $22,000. B. Declared and paid a cash dividend of $ 1.20 per share, c. Declared and distributed a 5% stock dividend when the market price was $12 per share. D. Earned a net income of $ 160,000. Complete the below Retained Earnings Statement by filling up the & blanks from the dropdown list. ABC Corporation Retained Earnings Statement For the Year Ended December 31, 2020 Balance at January 1, as reported $ 232,500 Correction of understatement of net Income Balance Manuary 1, as adjusted Add: Net Income Less: Cash Dividends Stock dividends Balance at December 31, 2017