Wildhorse Corporation has retained earnings of $677,100 at January 1,2025 . Net income during 2025 was $1,511,100, and cash dividends declared and paid during 2025 totaled $81,600. Prepare a retained earnings statement for the year ended December 31 , 2025. Assume an error was discovered: land costing $87,330 (net of tax) was charged to maintenance and repairs expense in 2024. (List items that increase retained earnings first.)