Current Attempt in Progress Presented below are the comparative income and retained earnings statements for Metlock Inc. for the years 2020 and 2021. The following additional information is provided: 1. In 2021, Metlock Inc. decided to switch its depreciation method from sum-of-the-years' digits to the straight-line method. The assets were purchased at the beginning of 2020 for $102,000 with an estimated useful life of 4 years and no salvage value. (The 2021 income statement contains depreciation expense of $30,600 on the assets purchased at the beginning of 2020) 1. In 2021. Metlock Inc, decided to switch its depreciation method from sum-of-the-years' digits to the straight-line method. The assets were purchased at the beginning of 2020 for $102,000 with an estimated useful life of 4 years and no salvage value. (The 2021 income statement contains depreciation expense of $30,600 on the assets purchased at the beginning of 2020) 2. In 2021, the company discovered that the ending inventory for 2020 was overstated by $23,600; ending inventory for 2021 is correctlystated. Prepare the revised retained earnings statement for 2020 and 2021, assuming comparative statements. (Ignore income taxes.)