Current Attempt in Progress In its December 31, 2022 financial statements, Cullumber Ltd. reported retained earnings of $477,000. During 2023, Cullumber reported net income after tax of $80,900 and paid dividends of $4,900. Also, during 2023, Cullumber discovered that rent expense in 2022 was understated by $21,900. Rent expense was recorded properly for 2023. Cullumber was subject to a 20% income tax rate for all affected years. Assuming that Cullumber reports under ASPE, prepare the December 31, 2023 statement of retained earnings. (List items that increase restated retained earnings first.)