Taxi Cabs, Inc. reported the following account balances on its balance sheet as of the beginning of the current year.

It reported the following information for the current year:

What is the balance in the retained earnings account at the end of the year?

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Retained Earnings Common Stock, $1 Par (200,000 Shares) Additional Paid-in-Capital in Excess of Par-Common Accumulated other Comprehensive Income $1,250,000 $200,000 775,000 345,000 Net Income Unrecognized Pension Costs Dividends Declared Issued 50,000 Shares of Common Stock for $125,000 Unrealized Losses on Available-for-Sale Investments Foreign Currency Translation Adjustments-Gain $140,000 $(67000) 10,000 $125,000 $(22,000) 13,000