Question 1 --/10 View Policies Current Attempt in Progress In its December 31, 2019 financial statements, Oriole Ltd. reported retained earnings of $508,000. During 2020, Oriole reported net income after tax of $81,200 and paid dividends of $4,800. Also, during 2020, Oriole discovered that rent expense in 2019 was understated by $18,200. Rent expense was recorded properly for 2020. Oriole was subject to a 20% income tax rate for all affected years. Assuming that Oriole reports under ASPE, prepare the December 31, 2020 statement of retained earnings Oriole Ltd. Statement of Retained Earnings $ $