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Zhahmink Inc. Balance Sheet for 12/31/2020 showed Retained Earnings, of $ 6,000,000. This additional information has become available: Correction of understatement of an operating expense

Zhahmink Inc. Balance Sheet for 12/31/2020 showed Retained Earnings, of $ 6,000,000. This additional information has become available:

Correction of understatement of an operating expense in prior years,

net of tax $1,200,000

Dividends declared and paid in 2021 900,000

Net income for 2021 2,000,000

What is the amount of the companys retained earnings, 1/1/21, as adjusted?

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