CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER SIGNMENT RESOURCES 4-due Wed. 2/21 Exercise 4-12 (Part Level Submission Exercise 4-12 (Part Level Submission) Pina Corporation began operations on January 1, 2014. During its first 3 years of operations, Pina reported net income and declared dividends as follows: Net income $47,700 134,300 161,700 Dividends declared view Score view Results by Stud jective 2014 2015 2016 59,800 53,500 The following information relates to 2017 Income before income tax Prior period adjustment: understatement of 2015 depreciation expense (before taxes) Cumulative decrease in income from change in inventory methods (before taxes) Dividends declared (of this amount, $31,800 will be paid on January 15, 2018) Effective tax rate $248,700 $31,800 $35,200 $113,300 40% (a) Your answer is partially correct. Try again. Prepare a 2017 retained earnings statement for Pina Corporation. (List items that increase adjusted retained earnings first.) PINA CORPORATION Retained Earnings Statement