Question - Pearl Corporation has retained earnings of $714,200 at January 1, 2017. Net income during 2017 was $1,527,900, and cash dividends declared and paid during 2017 totaled $82,600. Prepare a retained earnings statement for the year ended December 31, 2017. Assume an error was discovered: land costing $88,780 (net of tax) was charged to maintenance and repairs expense in 2014. (List items that increase retained earnings first.)