Question: For the year ended December 31, 2017, Transformers Inc. reported the following: Net Income $277313 Preferred dividends paid 52708 Common dividends paid 9112 Unrealized holding
For the year ended December 31, 2017, Transformers Inc. reported the following:
| Net Income | $277313 |
| Preferred dividends paid | 52708 |
| Common dividends paid | 9112 |
| Unrealized holding loss, net of tax | 5163 |
| Retained Earnings, beginning balance | 424715 |
| Common Stock | 193098 |
| Accumulated Other Comprehensive Income, beginning balance | 20462 |
What would Transformers report as the ending balance of Retained Earnings?
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