Tuscan Inc. had a retained earnings balance of $92,000 at December 31, 2018. Durlng the year, Tuscan had the following selected transactions. 1 Reported net income of $132,000. Revised an estimate of a machine's salvage value. Depreciation increased by $4,200 per year An error was discovered. Three years ago, a purchase of a building was incorrectly expensed. The effect is understated retained earnings of $44,000 (net of tax benefit). Paid cash dividends of $65,000. Skopped Calculate the retained.earnings balance at December 31, 2019. (Amounts to be deducted should be indicated with a minus sign.) TUSCAN INC Statement of Retained Earnings For Year Ended December 31, 2019 Prior period adjustment Me Prev 1 of 10 Next Graw