The following information has been taken from the accounting records Vista Free Corporation.
Total net income since incorporation ......... $466,000
Total cash dividends paid .............. 260,000
Proceeds from sale of treasury stock .......... 40,000
Total value of stock dividends distributed ....... 2,000
Total purchases of treasury stock .......... 35,000
Unamortized premium on bonds payable ....... 32,000

Instructions
Determine the current balance of retained earnings.