Windsor Corporation began operations on January 1, 2017. During its first 3 years of operations, Windsor reported net income and declared dividends as follows: 2017 2018 2019 Net income $49,500 128,600 161,000 Dividends declared $-0- 59,600 58,800 The following information relates to 2020. Income before income tax Prior period adjustment: understatement of 2018 depreciation expense (before taxes) Cumulative decrease in income from change in inventory methods (before taxes) Dividends declared (of this amount, $32,000 will be paid on Jan. 15, 2021) Effective tax rate $231,000 $32,000 $44,800 $118,400 20% Prepare a 2020 retained earnings statement for Windsor Corporation. (List items that increase adjusted retained earnings first.) WINDSOR CORPORATION Retained Earnings Statement WINDSOR CORPORATION Retained Earnings Statement Assume Windsor Corporation restricted retained earnings in the amount of $74,150 on December 31, 2020. After this action, what would Windsor report as total retained earnings in its December 31, 2020, balance sheet? Total retained earnings $