Question: On January 1 , 2 0 2 2 , Concord Corporation had retained earnings of $ 5 1 7 , 0 0 0 .

On January

1, 2022,

Concord Corporation had retained earnings of $

517, 000 .

During the year, Concord had the following selected transactions.

1 .

Declared cash dividends $

124, 000 .

2 .

Earned net income $

355, 000 .

3 .

Declared stock dividends $

63, 000 .

Determine the retained earnings balance at the end of the year.On January

1, 2022,

Concord Corporation had retained earnings of $

517, 000 .

During the year, Concord had the following selectedtransactions.Declared cash dividends $

124, 000 .

Earned net income $

355, 000 .

Declared stock dividends $

63, 000 .

Determine the retained earnings balance at the end of the year.

(

List items that increase retained earnings first.

)

Concord CorporationRetained Earnings Statement

On January 1, 2022, Concord Corporation had retained earnings of $517,000. During the year, Concord had the following selected transactions. 1. 2. 3. Declared cash dividends $124,000. Earned net income $355,000. Declared stock dividends $63,000. Determine the retained earnings balance at the end of the year. (List items that increase retained earnings first.) Concord Corporation Retained Earnings Statement $ $ $

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