Question: On January 1 , 2 0 2 2 , Eddy Corporation had retained earnings of $ 6 1 0 , 0 0 0 . During

On January 1,2022, Eddy Corporation had retained earnings of $610,000. During the year, Eddy had the following selected transactions. 1. Declared cash dividends $120,000.2. Earned net income $350,000.3. Declared stock dividends $90,000. Determine the retained earnings balance at the end of the year. (List items that increase retained earnings first.)

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