AAccounting homework help. Can you please include how to do it.

11. A company has 2,000 shares of $1 par value common stock and 200 shares of 5%, $110 par, non- cumulative preferred stock outstanding. The balance in Retained Earnings at the beginning of the year was $500,000. Net income for the current year was $300,000. If the company paid a dividend of $2 per share on its common stock, what is the balance in Retained Earnings at the end of the year? A. $ 800,000 B. $ 805,100 C. $ 794,900 D. $ 494,900 E. $ 194,900