Windsor Corporation has retained earnings of $702,400 at January 1,2020, Net income during 2020 was $1,526,800, and cash dividends declared and paid during 2020 totaled $81,000. Prepare a retained earnings statement for the vear ended December 31 . 2020. Assume an error was discovered: land costing $88,430 (net of tax) was charged to maintenance and repairs expense in 2019. (List items that increase retained earnings first.)