Problem 4-6 Below is the Retained Earnings account for the year 2017 for Acadian Corp. Retained earnings, January 1. 2017 Add $257,600 Gain on sale of investments (net of tax) Net income Refund on litigation with government, related to the year 2014 (net of tax) Recognition of income earned in 2016, but omitted from income 41,200 94,500 21,600 25,400 172.700 tatement t in that year (net of tax) 430,300 Deduct: Loss on discontinued operations (net of tax) Writo-off of goodvill (net of tax) Cumulative effect on income of prior years in changing from 35,000 50,000 LIFO to FIFO inventory valuation in 2017 (net of tax) Cash dividends declared 23.200 32,000 150,200 Retained earnings, December 31, 2017 $280,100 (a) Prepare a corrected retained earnings statement. Acadian Corp. normally sells investments of the type mentioned above. FIFO inventory was used in 2017 to compute net income. (List items that increase adjusted retained earnings first.) ACADIAN CORP Click if you would like to Show Work for this question: en Show Works