The following information is from Amos Company for the year ended December 31, 2020. Prepare a statement of retained earnings for Amos Company.

• Retained earnings at December 31, 2019 (before discovery of error), $1,375,000.
• Cash dividends declared and paid in 2020 were $43,000.
• In 2018, it forgot to record depreciation expense of $55,500 (net of tax benefit).
• The company earned $126,000 in net income for 2020.