AC116 Unit 8 Lab Learning Activity Question 2 of 2 View Policies Current Attempt in Progress -/5 I On January 1, 2022. Oriole Corporation had retained earnings of $545,000. During the year, Oriole had the following selected transactions. 1. Declared cash dividends $125,000 2 Corrected overstatement of 2021 net income because of inventory error $42.500 3 Earned net income $347,500. 4 Declared stock dividends $62.500 Determine the retained earnings balance at the end of the year. Retained earnings $ eTextbook.ad Media eTextbook Assistance Used Shot bever