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om/courses/26685/assignments/2659564 psu d21 - Google Se... Organizational Beh. Portland State Univ Business Insights: G -FlatWorld El Result List amazon... Current Attempt in Progress Vaughn Corporation has retained earnings of $702,500 at January 1, 2020. Net income during 2020 was $1,426,500, and cash dividends declared and paid during 2020 totaled $83,200. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $89,590 (net of tax) was charged to maintenance and repairs expense in 2019. (List items that increase retained earnings first.) VAUGHN CORPORATION Retained Earnings Statement December 31, 2020 Retained Earnings, January 1, as Reported 702500 Net Income /(Loss) O RI e do 342 PM 102600195