Wildhorse Corporation is a private company in Canada following ASPE. On December 31,2022, the company had reported $2,450,000 in retained earnings on its financial statements. During the year, Wildhorse had net income of $760,000 and declared cash dividends of $100,000. Also, during the year, Wildhorse made a retrospective change in accounting policy by applying a new inventory costing method. The change improved prior years' net income by $90,000, before income taxes (tax rate is 20% ). Prepare a 2023 retained earnings statement for Wildhorse Corporation. (List items that increase retained earnings first))